Big News! Fed cuts rates by .25%

Updated Facts from Today’s News

• The Federal Reserve cut its key interest rate by 0.25% (25 basis points) to a target range of 4.00% – 4.25%. Investopedia+2AP News+2

• This is the first rate cut by the Fed in 2025. Investopedia+1

• Experts expect mortgage rates are likely to continue trending down through the rest of 2025, though not necessarily dramatically. NerdWallet+1

• There was already a downward trend in mortgage rates in anticipation of the Fed’s move. Some reports say the average 30-year rate has fallen below about 6.5% in many markets. NerdWallet

Caveats & Things to Watch Out For

• Mortgage rates don’t always fall immediately when the Fed cuts rates. They depend on a variety of other factors, like 10-year Treasury yields, inflation expectations, and how lenders price their risk. CBS News+1

• In some cases, and in certain lender markets, rates may even move up temporarily depending on bond market reactions. Mortgage News Daily

• The full benefit for buyers depends on securing a good loan offer, not just the headline rate. Pre-approval, good credit, etc., still matter.

Here are some localized example numbers and how much a 0.25% drop in rate might save a buyer in monthly payments, using Mississippi / current rates. You can use these in your blog / email / post to show people real, easy-to-understand savings.

Current Mortgage Rates in Mississippi (approximate)

• Averages for 30-year fixed mortgages in Mississippi are around 6.25% to 6.32% APR. Bankrate+2NerdWallet+2

• 15-year fixed loans are around 5.50% to 5.76% depending on lender / term. Bankrate+2NerdWallet+2

Example Savings from a 0.25% Rate Drop

Here’s what lowering the rate by 0.25% would do for monthly payments on typical loan amounts. (These estimates are only for principal & interest — taxes / insurance / other fees not included.)

These are ballpark figures using a 30-year fixed mortgage. Actual savings might be slightly more or less depending on credit score, down payment, lender fees, etc.