The Federal Reserve for the first time has made the decision to cut the federal funds rate by 25 points

By Shelley Irwin

Published October 20, 2025 at 11:56 AM EDT

The Federal Reserve, home of the Beige Book.

We talk about the significant implications for both potential home buyers and current home owners.

The Federal Reserve for the first time has made the decision to cut the federal funds rate by 25 points. We talk about the significant implications for both potential home buyers and current home owners. David Morgan, Chief Lending Officer at Lake Trust Credit Union, talks about the direct impact, the opportunity for homebuyers and is now a time to refinance.

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Shelley Irwin

Shelley Irwin is the host and producer for The Shelley Irwin Show, a news magazine talk-show format on the local NPR affiliate Monday through Friday. The show, broadcast at 9 a.m., features a wide variety of local and national news makers, plus special features.

See stories by Shelley Irwin