The Federal Reserve lowered rates again but economists worry that Donald Trump’s victory could reignite inflation in 2025.

Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will potential homeowners see mortgage relief.

Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.

The Federal Reserve cut interest rates at its last policy meeting and is gearing up for another rate reduction this week. Sure, there are plenty of other important things to pay attention to. But interest rates have a direct impact on your finances.

Find out how the Federal Reserve’s decision will impact all aspects of borrowing and spending

Though some savings accounts have lowered rates after yesterday's Fed move, the nation's best high-yield option is holding at 5.50%—with eight more paying at least 5.00%.

The Federal Reserve cut its key interest rate by a quarter-point in response to a steady decline in once-high inflation that angered Americans and helped drive Trump’s election victory.

Following the Fed's 0.5% rate cut in September, mortgage rates went up, not down. Even though the central bank's policy decisions and economic outlook affect credit markets, the F

Jason Furman, former chairman of the Council of Economic Advisers, says he expects the Federal Reserve to cut rates again in December, but after that, the pace of cutting will slow down. He's on "." (

The Federal Reserve has made two consecutive interest rate cuts but potential homebuyers are wondering when mortgage rates will drop. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means.