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.
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