Fed Watch: What the October Rate Cut Means for Mortgage Rates in the Twin Cities
Posted by Mike Seebinger on
Fed Watch: What the October Rate Cut Means for Mortgage Rates in the Twin Cities
Updated: November 4, 2025 — Minneapolis–St. Paul
The headline
On October 29, 2025, the Federal Reserve lowered the federal-funds target range by 0.25% to 3.75%–4.00%. Fed officials signaled they’ll monitor upcoming economic data before deciding on another potential move in December.
The adjustment came in response to a cooling labor market and signs that inflation pressures, while easing, remain elevated. The central bank’s tone emphasized caution — aiming to balance job growth with continued progress on inflation.
What the Fed controls vs. what you pay
The Fed’s decision primarily affects short-term rates — things like home equity lines of…
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