Federal Reserve's interest rate cut may not significantly improve home affordability for many buyers.
The Federal Reserve's recent interest rate cut may offer minimal relief to home shoppers, as it has only slightly reduced mortgage rates. Experts suggest that rising home prices and stagnant wages could negate the potential benefits of the cut. While the move aims to stimulate the economy, it may not significantly improve home affordability for many buyers, leaving them to face ongoing challenges in securing affordable housing.
September 22, 2024
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