The Fed rate cut could help home buyers solve one of their biggest problems
Falling mortgage rates could ease the ‘lock-in effect’ that’s put a chill on the housing market
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An interest-rate cut by the Federal Reserve could result in more homes being listed on the market, as more homeowners may feel compelled to sell their property, real-estate experts say.
Recent economic data showing a cooling U.S. job market and falling inflation have provided the Fed with support for cutting its benchmark interest rate. The central bank began ramping up interest rates in 2022 in an effort to combat high inflation.