Back to today’s briefing

Story perspectives

Fed Eyes Rate Cuts Amid High Mortgage Rates

8/1/2025

45 4

Summary

Story summary

The Federal Reserve is considering one or two rate cuts this year due to positive economic sentiment.
High mortgage rates, averaging around 7%, continue to affect homebuyer demand.
The Bank of Canada has maintained its interest rate, responding to strong economic indicators and inflation worries.
Variable-rate mortgage holders will experience stability, while fixed-rate borrowers may encounter increased rates.

1 of 1

Story summary

The Federal Reserve is considering one or two rate cuts this year due to positive economic sentiment.
High mortgage rates, averaging around 7%, continue to affect homebuyer demand.
The Bank of Canada has maintained its interest rate, responding to strong economic indicators and inflation worries.
Variable-rate mortgage holders will experience stability, while fixed-rate borrowers may encounter increased rates.