After the Fed's decision to cut interest rates, why didn't the average mortgage rates drop significantly? Nicole explains the relationship between the Fed rate and our mortgage rates and when they do\u2014 and don't\u2014 move together. Hopeful homebuyers, this one is for you!\n\n$ Take control of your finances by using a Chime checking account with features like no maintenance fees, fee-free overdraft up to $200, or getting paid up to two days early with direct deposit. Visit: http://chime.com/MNN\xa0\n\n$ Looking for the perfect holiday gift for your coworkers, friends, and everyone in between? Choose Nicole\u2019s favorite wine, Justin. Get 20 percent off your order for a limited time with the code \u201cMONEY20\u201d at http://justinwine.com/\xa0\n\n$ Ready to find a financial advisor that\u2019s right for your financial goals? Get matched with a trusted, vetted financial advisor at: http://moneypickle.com/MNN\xa0\n\nAll investment strategies involve risk of loss. The information shared in this podcast is for informational and entertainment purposes only. Listeners should do their own research and consult a financial advisor before making any investment decisions. See terms for additional details: https://moneynewsnetwork.com/terms/