09/18/2024
In an effort to spark a slowing U.S. economy, The Federal Reserve announced today a decision to cut interest rates by 0.50%, a move that could have an additional impact on mortgage rates. Prospective borrowers looking to purchase before year end can likely lock in the lowest mortgage rate since 2022. With inventory levels at a much higher level nationally than the 2022 housing boom, it’s the perfect time to take action, before interest causes home prices to begin to rise again.
