Federal Reserve Chair Jerome Powell warned that the housing market’s problems aren’t going away anytime soon, saying recent interest rate cuts are unlikely to improve affordability or ease the tight supply of homes meaningfully. Powell made the comments during a press conference on Wednesday after Fed officials voted to cut the benchmark federal funds rate … Read more
In December, the Fed announced a cut in the policy rate, but this doesn’t always translate directly into an equivalent reduction in mortgage rates. In the real world, average rates for 30-year fixed mortgages still depend on market supply and demand, bank pricing, and conditions in the securities market—and according to recent reports, the national … Read more
The US housing market in 2025 is keenly watching to see if a US rate cut could bring new opportunities for homebuyers. Whenever the Federal Reserve changes interest rates, it impacts not only banks but also the pockets of ordinary people and the real estate market. This can be a crucial time, especially for those … Read more