Yes. Mortgage rates rising right after a Fed cut has happened before, and it catches people off guard almost every time. The move feels backwards until you see the mechanics. The Fed sets the short-term policy rate; mortgage rates track the bond market, and the bond market prices in expected cuts well before the meeting. By announcement day the cut is largely baked in, so the reaction is driven by whatever else is in play. A stronger jobs report, a slightly hotter inflation reading, or election-year uncertainty can each push rates the opposite direction from the cut itself. On the size of cuts: the standard move is 25 basis points at a time. Cuts of 50 or 100 basis points are the exception and tend to show up around unusual stress rather than as routine steps. The Fed also works hard to avoid looking partisan around elections, which shapes the timing and size of what it does in those windows. The durable lesson is to keep the two rates separate in your head. The Fed's decision and your mortgage rate are related levers, and a cut is no promise that mortgage rates fall. No one can reliably predict the next move. If you are trying to time a purchase or refinance around this, watch the bond market and the incoming economic data rather than the headline about the Fed meeting, and remember the better question is usually whether the payment works for your life at the rate available now.