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Stock impact report

With the Fed's latest rate cut, these mortgage lenders can fuel your refinance plans [CNBC]

loanDepot, Inc. Class A (LDI) 
Company Research Source: CNBC
On Dec. 10, the Federal Reserve announced a Federal Funds Rate cut for the third time in 2025, bringing the benchmark to 0.75 points below its start-of-year level. An annual decline this steep hasn't happened since . And while this rate cut may not directly lower mortgage rates — which typically move in conjunction with the 10-year Treasury yield instead — they have already dropped significantly this year. During the week ending Jan. 2, 2025, the average 30-year fixed rate was 6.91%, according to Freddie Mac's weekly Private Mortgage Market Survey. As of Dec. 4, it sits at 6.19%. See how much rates have changed over the past five years: You may be wondering, if rates are trending downward, why not wait for them to drop further before refinancing? Experts have weighed in on that theory and say rates are not expected to move much over the next year. In fact, Realtor.com predicts rates will average out to 6.30% in 2026 . If rates do move down at certain times of the year, they are Show less Read more
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