The Impact of Fed Rate Cuts on Home Buyers and Mortgage Refinancing in 2024

1 min read
Source: The Wall Street Journal
The Impact of Fed Rate Cuts on Home Buyers and Mortgage Refinancing in 2024
Photo: The Wall Street Journal
TL;DR Summary

The Federal Reserve has announced its plan to cut interest rates three times in 2024, which is expected to make borrowing money to buy a home more affordable. This news brings relief to hopeful home buyers who have been struggling to enter the market.

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