12/20/2024
📉 Breaking News: The Fed cuts rates by 0.25% and reduces forecast for future cuts!
What does this mean for you as a homebuyer?
🏡Both the stock market and the mortgage market immediately reacted negatively following today's cut and new forecast, anticipating just two potential cuts in 2025.
👉 Takeaway: With inflation expected to hold steady, but still high, it's always good to revisit your homebuying plans and explore your options. Whether you’re buying your first home, upgrading, or refinancing, staying informed is key to making the most of today’s market.
Source: https://www.cnn.com/.../federal-reserve.../index.html, https://www.cnbc.com/.../the-fed-cut-rates-by-another...