Mortgage rates are coming down — and home buyers are ready to pounce
By: Abha Bhattarai and Rachel Siegel
Sep 25
The Fed just cut interest rates for the first time in four years. For some, that means it’s time to restart the house hunt.
For Americans mulling a home purchase, this week’s interest rate cut meant just one thing: It’s time to get back in the game.
The Federal Reserve lowered interest rates by half a percentage point on Wednesday, the first rollback in four years. Average mortgage rates, which peaked at 7.8 percent last fall, have since dropped to 6.09 percent.
Read More from The Washington Post
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