Rates were little changed Thursday following yesterday’s Fed rate cut. The Federal Reserve announced a 0.25% reduction in the Fed Funds Rate on Wednesday. The move was widely anticipated by investors. In other economic news, the National Association of Realtors reported existing home sales rose 1% in August to the highest level since March 2018, easily beating expectations. The inventory of existing homes for sale was 3% lower than one year ago, while the median price was 5% higher. No other key data will be released today.