Fed Cuts Again—So Why Aren’t Mortgage Rates Dropping?

Mortgage Research Network Podcast · Dec 17, 2025 · 3m

The Fed delivered a 0.25% rate cut at its December meeting—but deep division among policymakers and missing economic data made this one of the most unusual decisions in years. Tim Lucas and Craig Berry unpack what the Fed’s split vote means, why housing won’t feel much relief, and what buyers should watch heading into 2026.In this episode you’ll learn:A divided Fed: Three members dissented—the most disagreement since 2019. One wanted a bigger cut; two wanted none.Data blind spots: The Fed acted without full employment data due to the government shutdown, making the decision unusually…