The Fed is going to have a meeting on October 29th and is likely to cut interest rates again – down to a Fed Funds Rate of 3.75% to 4.00%. This will mark the 2nd interest rate cut this year, and the 6th since the start of this easing cycle in 2024.
The question is: will these interest rate cuts do anything meaningful for the economy and housing market? Will mortgages get cheaper, and will we manage to avoid the oncoming recession by the Fed cutting rates?
Credit to : Reventure Consulting