Mortgage Rates Hit New Low as Federal Reserve Cuts Interest Rates
In a significant shift for homebuyers, mortgage rates have seen a notable decline following the Federal Reserve’s recent decision to cut interest rates for the first time in four years. This development has sparked renewed interest in the housing market, as buyers are eager to capitalize on the favorable conditions. For the past couple of years, mortgage rates have hovered at elevated levels compared to the historic lows experienced during the COVID-19 pandemic. However, with the average ...