The Federal Reserve was widely expected to leave interest rates unchanged on Wednesday, at the conclusion of its March meeting.

The Fed is currently neutral on interest rates but could resume cuts later this year. If you're house hunting, here's how that may—or may not—impact 2025 mortgage rates.

The Federal Reserve held interest rates steady at the end of its two-day meeting on March 19. Although the central bank is on the sidelines, for now, some consumer loan rates are starting to ease, giving households a little breathing room.