Here’s what the Fed rate cut means for your mortgage and the housing market
via apnews.com
Short excerpt below. Read at the original source.
Hoping that mortgage rates will keep dropping following the Federal Reserve’s first rate cut since last year? Don’t bank on it. As expected, the central bank delivered a quarter-point cut Wednesday and projected it would lower its benchmark rate twice more this year, reflecting growing concern over the U.S. job market. Here’s a look at factors that […]