The fed funds rate was lowered by half a percentage point for the first time since 2020. The central bank’s latest move and its plan on future rate reductions will benefit homebuyers and home sellers in the coming months. With mortgage rates remaining near the lowest level in two years, housing activity could pick up in the fall.

Housing Matters Podcast

CALIFORNIA ASSOCIATION OF REALTORS and the CENTER FOR CALIFORNIA REAL ESTATE

The Fed Made Its First Rate Cut In Four Years (Episode 121)

SEP 23, 202424 MIN
Housing Matters Podcast

The Fed Made Its First Rate Cut In Four Years (Episode 121)

SEP 23, 202424 MIN

Description

The fed funds rate was lowered by half a percentage point for the first time since 2020. The central bank’s latest move and its plan on future rate reductions will benefit homebuyers and home sellers in the coming months. With mortgage rates remaining near the lowest level in two years, housing activity could pick up in the fall.