[ ](https://www.realtor.com/news/real-estate-news/fed-rate-cut-december-mortgage-interest/) [Fed Cuts Interest Rate by a Quarter Point, but Don’t Expect Big Declines for Mortgages Yet](https://www.realtor.com/news/real-estate-news/fed-rate-cut-december-mortgage-interest/) The Federal Reserve has made another reduction to its benchmark interest rate, but it may not mean imminent relief for mortgage rates.
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