Quarter point rate cut, more in the near future you think???

Bought our first home just over a year ago and really hoping to refinance to bring down our mortgage payment. Today I saw they dropped the rate by another quarter, who else thinks it’s gonna drop even further in the coming future? I know it won’t go down to the historical lows of the 2.5-3.5% but even to get it down to 4.5-5% would be amazing..

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