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.

After delivering back-to-back interest rate cuts this fall, the Federal Reserve is on a cautious, data-dependent path. Whether due to economic uncertainty, election implications, or a declaration of “mission accomplished” on the inflation front,