The Federal Reserve issued three interest rate cuts in the final four months of 2025. And that came after the central bank issued three other interest rate cuts in the final months of 2024. Those reductions went a long way toward cooling the wider interest rate climate, opening new opportunities for borrowers that were largely unavailable in recent years. While current rates are still typically higher than they were at the beginning of the decade, they're also lower than they were in 2023 and