Market optimism was driven by the Fed signaling two more rate cuts this year, although Fed Chair Jerome Powell cautioned about labor market weakness and the uncertainty behind further easing.After the Federal Reserve's recent rate cut in September 2025, mortgage rates have shown a downward trend but are not guaranteed to keep falling further. The average rate for a 30-year fixed mortgage stood around 6.13% to 6.35%, touching lows not seen in nearly a year. However, mortgage rates are influenced more by the ...