It's important to understand that the Fed's decision to pause rate cuts will not directly impact mortgage rates. Mortgage rates are actually driven by a range of factors, including the Fed's rate changes. This week's Fed rate decision does, however, have a big influence on where mortgage rates could head.

If you paid attention to the Federal Reserve's monetary decisions last year, you might have been surprised by something: The central bank's three interest rate cuts didn't help mortgage rates get cheaper for homebuyers.

Imagine waking up no longer having to pay your mortgage or rent. For most people, that's nothing more than a dream, but it became a reality for Angel Reese's mother on her birthday. Reese's mom, also named Angel,

You can forgive Angel Reese’s mother for nearly dropping her birthday cake when she heard the news that her daughter had paid off her mortgage for her.