Technologies

Fed Rate Cuts Unlikely This Summer. Are Lower Mortgage Rates Still Possible?

The Fed’s impact on mortgage rates isn’t direct, but it matters. Here’s what to know about the central bank’s latest decision.

There’s a wild amount of uncertainty in today’s economy, but one thing is clear: The Federal Reserve isn’t planning to lower interest rates this summer. Mortgage rates, which have been stuck near 7% for the past several months, are likely to stay higher for longer.

On June 18, Fed officials voted to leave borrowing rates unchanged for a fourth consecutive meeting. Holding interest rates where they are allows the central bank to evaluate how President Trump’s unpredictable tariff campaign, immigration policies and federal cutbacks affect both inflation and the job market.

Often, what the central bank simply says about future plans can cause a stir in the housing market. Mortgage rates are driven by bond investors and a host of other factors, i.e., not directly determined by the Fed.

«The mortgage market reacts fast to uncertainty, and we’ve got no shortage of it this summer,» said Nicole Rueth, of the Rueth Team with Movement Mortgage.

Why is the Fed not cutting interest rates?

The Fed sets and oversees US monetary policy under a dual mandate to maintain price stability and maximum employment. It does this largely by adjusting the federal funds rate, the rate at which banks borrow and lend their money.

When economic growth is weak and unemployment is high, the Fed lowers interest rates to encourage spending and propel growth. Reducing interest rates could also allow inflation to surge, which is generally bad for mortgage rates.

Keeping rates high, however, increases the risk of a job-loss recession that would cause widespread financial hardship. If unemployment spikes — a real possibility given rising jobless claims — the Fed could be forced to implement interest rate cuts earlier than anticipated.

«The Federal Reserve is in one of the trickiest spots in recent economic history,» said Ali Wolf, Zonda and NewHomeSource chief economist.

What is the forecast for interest rate cuts in 2025?

On Wednesday, markets eyed the Fed’s Summary of Economic Projections, which outlined two 0.25% rate cuts in 2025, unchanged from earlier estimates. But that’s far from guaranteed. The updated forecast suggests that tariffs will push prices higher, suggesting that consumers have not yet felt the full effect of these import duties.

«Everyone that I know is forecasting a meaningful increase in inflation in the coming months from tariffs, because someone has to pay for the tariffs,» Fed Chair Jerome Powell said during a June 18 press conference.

Inflation could prompt the central bank to forgo one (or both) of its projected rate cuts, which would keep mortgage rates high.

Though Powell remains noncommittal on any specific time frame, financial markets still see a potential interest rate cut coming as early as this fall.

Most housing market forecasts, which already factor in at least two 0.25% Fed cuts, call for 30-year mortgage rates to stay above 6.5% throughout 2025.

«Average rates are likely to stay in the 6.75% to 7.25% range unless the Fed signals multiple cuts and backs up their policy with data,» Rueth said.

What factors affect mortgage rates?

Mortgage rates move around for many of the same reasons home prices do: supply, demand, inflation and even the employment rate.

Personal factors, such as a homebuyer’s credit score, down payment and home loan amount, also determine one’s individual mortgage rate. Different loan types and terms also have varying interest rates.

Policy changes: When the Fed adjusts the federal funds rate, it affects many aspects of the economy, including mortgage rates. The federal funds rate affects how much it costs banks to borrow money, which in turn affects what banks charge consumers to make a profit.

Inflation: Generally, when inflation is high, mortgage rates tend to be high. Because inflation chips away at purchasing power, lenders set higher interest rates on loans to make up for that loss and ensure a profit.

Supply and demand: When demand for mortgages is high, lenders tend to raise interest rates. This is because they have only so much capital to lend in the form of home loans. Conversely, when demand for mortgages is low, lenders tend to slash interest rates to attract borrowers.

Bond market activity: Mortgage lenders peg fixed interest rates, like fixed-rate mortgages, to bond rates. Mortgage bonds, also called mortgage-backed securities, are bundles of mortgages sold to investors and are closely tied to the 10-year Treasury. When bond interest rates are high, the bond has less value on the market where investors buy and sell securities, causing mortgage interest rates to go up.

Other key indicators: Employment patterns and other aspects of the economy that affect investor confidence and consumer spending and borrowing also influence mortgage rates. For instance, a strong jobs report and a robust economy could indicate greater demand for housing, which can put upward pressure on mortgage rates. When the economy slows and unemployment is high, mortgage rates tend to be lower.

Read more: Fact Check: Trump Doesn’t Have the Power to Force Lower Interest Rates

Is now a good time to get a mortgage?

Even though timing is everything in the mortgage market, you can’t control what the Fed does. «Forecasting interest rates is nearly impossible in today’s market,» said Wolf.

Regardless of the economy, the most important thing when shopping for a mortgage is to make sure you can comfortably afford your monthly payments.

More homebuying advice

Technologies

Google Gives Chrome an AI Side Panel and Lets Gemini Browse for You

The update also includes Nano Banana image tools and deeper integrations with Google apps like Gmail, Calendar, Maps and Flights.

Google is turning Chrome into something closer to a digital copilot.

In the next wave of Gemini updates rolling out, Google on Wednesday revealed a set of new AI-powered features coming directly to its browser, aimed at reducing the frustrations of exploring the internet each day. Built on Gemini 3, the updates introduce an always-available side panel, deeper app integrations, creative image tools and a new browser agent called auto browse that can complete multistep tasks on your behalf.

Essentially, Google wants Chrome to be like an AI wingman that browses, compares and multitasks for you.

Now you can automate browsing

To me, the standout new addition is auto browse, a browser agent designed to handle tedious and time-consuming chores. Instead of hopping between tabs, filling out forms or manually comparing prices of things like products or flights, you can ask Chrome to do the legwork.

Auto browse can research flights and hotels across different dates, collect documents, schedule appointments, manage subscriptions and help with tasks like renewing a driver’s license or filing expense reports.

In a live demo I saw, Product Lead Charmaine D’Silva used the new tools to plan a family vacation. Gemini compared destinations and prices across multiple travel sites, checked school calendars to see when her kids were off and lined up schedules to find workable travel windows. When it came time to book, though, D’Silva emphasized that the final decision and purchase were still hers, underscoring Google’s plan to keep humans in control for key tasks like booking and purchases.

The feature is rolling out to AI Pro and Ultra subscribers in the US now, signaling Google’s broader push toward more agentic AI experiences.

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A new side panel experience

Another update rolling out now is a redesigned Gemini side panel in Chrome, available across MacOS, Windows and Chromebook Plus. Instead of opening a separate tab, Gemini now lives alongside whatever you’re working on, making it easier to multitask without breaking your flow. Testers have used it to summarize reviews across sites, compare shopping options and juggle packed calendars while keeping their main task front and center.

AI image editing with Nano Banana

Chrome is also trying to become more creative. Google is bringing Nano Banana, its AI image editing and generation tool, directly into the browser. You can now edit and reimagine images you find on the web without downloading files or switching apps — whether that’s mocking up a living room redesign or turning raw data into an infographic at work.

Chrome connects with other Google apps

Under the hood, Gemini in Chrome is becoming more connected to the rest of Google’s ecosystem. Integrations with Gmail, Calendar, Maps, YouTube, Google Flights and Shopping will allow the assistant to pull in relevant context and take action across apps. Planning a trip, for example, could involve referencing an old email, checking flight options and drafting a follow-up email to your travel companions. Now all in one place.

More to come

Looking ahead, Google says personal intelligence is coming to Chrome in the coming months. With user opt-in, Gemini will remember context from past interactions to deliver more tailored, proactive help across the web, while giving you control over what data is connected and when.

Technologies

If You Drink Decaf, Read This: More Than 80,000 Keurig Pods Recalled

Here’s how to get a full refund if you bought these coffee pods.

If you’re a decaf K-Cup drinker, this message is for you. Keurig has recalled the McCafe Premium Roast Decaf Coffee K-Cup Pods because they may contain caffeine.

Here’s everything to know.

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What was recalled?

Keurig Dr Pepper voluntarily recalled 960 cartons of McCafe Premium Roast Decaf Coffee K-Cup Pods, according to a US Food and Drug Administration memo. The reason listed for the recall reads: «Product is labeled as decaf, but might contain caffeine.»

CNET chose McCafé Premium Roast as the best K-Cup, although the decaffeinated version was not included. It is unclear at this time how many states sold the cartons.

A representative for Keurig Dr Pepper did not immediately respond to a request for comment.

How to know if you have a recalled product

The recalled items will have the following information:

Best by date: 17 NOV 2026
Batch number: 5101564894
Material number: 5000358463
ASIN: B07GCNDL91
UPC: 043000073438

The recall is ongoing. If you have a recalled product, you can return it to your place of purchase for a full refund.

Technologies

The Samsung Galaxy Z TriFold’s Nearly $3,000 Price Might Unfold Your Whole Wallet

This double-folding phone will be the most expensive mainstream handset released in the US.

Samsung’s twin-hinged Galaxy Z TriFold is nearly on sale, coming before the Galaxy S26 launch next month. Starting Jan. 30, foldable phone fans who want the most advanced device in the US can pick one up, but they’ll have to pay a hefty price: The device starts at a jaw-dropping $2,900.

Yes, for over three times the price of a Galaxy S25, you can pick up the most advanced smartphone — and certainly the most expensive — Samsung has ever rolled out. Even the Galaxy Z Fold 7, which starts at $2,000 with 256GB of storage, only reaches $2,420 at the highest 1TB storage configuration.

As products across all industries get costlier, phone-makers have priced foldables in an even more premium tier than the most innovative flat smartphones (like the iPhone 17 Pro Max and Galaxy S25 Ultra). It seems Samsung will use the twin-hinged Galaxy Z TriFold to set an even higher price ceiling for smartphones.

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Anyone who buys the Galaxy Z TriFold will get one of the most technically impressive handsets released in the US. But is the technology worth the cost?

The Galaxy Z TriFold unfolds into a 10-inch inner display that rivals the screens of full-size tablets. It’s noticeably larger than the 8-inch inner screen on the single-hinged Galaxy Z Fold 7 foldable. Its two hinges, built of titanium, are tested to endure 200,000 folds, according to Samsung.

When unfolded, the Z TriFold is 3.9mm at its thinnest point. That’s slightly outdone by the slimmer Huawei Mate XT’s 3.6mm, which beat Samsung to market by an entire year with a trifold that’s not available in the US. That might be nearing the limit for phone thinness, as it’s barely enough to accommodate the USB-C port at the bottom of either device.

The Galaxy Z TriFold and Huawei Mate XT are roughly comparable in size and specs, though the Huawei phone’s EMUI operating system and the lack of familiar Google apps (due to the ban on US companies working with the Chinese phone-maker) mean Android fans may prefer Samsung’s. The Huawei foldable is also more expensive, starting at 3,499 euros (about $4,150 today), and may not be compatible with US carriers out of the box.

Read more: Galaxy Z TriFold vs. Huawei Mate XT: One Is the Most Versatile Phone I’ve Ever Used

The Galaxy Z TriFold has a customized Snapdragon 8 Elite chip, the same one that powers last year’s Galaxy S25 series. It won’t feature the latest Snapdragon 8 Elite Gen 5 silicon, which is likely to power this year’s most advanced Android handsets (potentially including the upcoming, but not yet announced, Samsung Galaxy S26 series).

The Galaxy Z TriFold will start at 512GB of storage and packs a 5,600-mAh battery, larger than the Z Fold 7’s 4,400-mAh capacity unit. It recharges at 45 watts, which is typical for Samsung phones, though other premium Android handsets have long ago surpassed that rate, like the OnePlus 15 with 80-watt charging. It has three rear cameras (a 200-megapixel main, a 12-megapixel ultrawide and a 10-megapixel telephoto) and comes in a single color, crafted black.

All told, the Galaxy Z Trifold offers only marginal upgrades over the Galaxy Z Fold 7, and its hardware will likely be surpassed soon when the Galaxy S26 series launches with newer chips.

At $1,000 to $2,000 above other Android phones and foldables, the Z TriFold seems to offer only a single advantage: its massive inner display. While undeniably a technical marvel, that’s not nearly enough added value for most people to justify the steep upsell on your standard smartphone, or even another book-style foldable. For folks who «crave» the most advanced phone on the market, though, maybe it’s worth the expense.