The Federal Reserve held benchmark rates steady in the range of 4.25% to 4.5% following its two-day meeting on Wednesday, a decision with implications for the mortgage industry. 

The move, expected by virtually all monetary policy watchers, underscores the challenge facing the Federal Reserve — deciding when it’s appropriate to cut rates. It’s a delicate balancing act as cutting too late could keep mortgage rates elevated longer than necessary, hurting the housing industry, but cutting too soon risks reigniting inflation and forcing future rate hikes.

While the labor market remains stable and there are signs of easing price pressures, details ⇒

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