"The bond market has already baked this cut into today's yields," Melissa Cohn, the regional vice president of William Raveis Mortgage and a 43-year mortgage industry veteran, told Newsweek.

The Federal Reserve cut its benchmark interest rate by 0.25 percentage points on Wednesday.

At the same time, Fed Chair Jerome Powell highlighted “a challenging situation” for policymakers, noting that risks to inflation were tilted to the upside and risks to employment to the downside.

President Donald Trump said late Wednesday in a Truth Social post that he is designating “antifa,” a decentralized, leftist ideology adhered to by various individuals and groups, as a terrorist organ...

Antifa, which stands for anti-fascist, is not an organization, but rather a decentralized movement based on anti-authoritarian and anti-racist ideologies.