Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside inflation. But it's been a bumpy ride back to the bottom in recent weeks. What, then, does this latest Fed rate cut mean for mortgage interest rates? That's what we'll break down below.

The Federal Reserve is poised to lower its benchmark rate by a quarter-percentage point Thursday, following its half-point cut in September. But borrowers aren’t yet feeli