There are a few big things retirees should know about reverse mortgage rates in today's market. Seng Kui Lim/Getty Images

The Federal Reserve announced its first rate cut of 2025 yesterday, lowering its benchmark rate by a quarter of a percentage point. After holding steady for months in the face of stubborn inflation, the Fed is now signaling that borrowing costs may finally begin easing again, despite inflation ticking back up over the last few months. That comes with big benefits for borrowers, as even a relatively small rate cut can have ripple effects across the financial system, reducing the cost of credit cards, auto loans, personal loans — and most notably, mortgage borrowing .

And, the effects of the Fed rate cut are already visible. The average 30-year fixed mortg

See Full Page