Fed Lowers Mortgage Rates
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mortgage ratesMoneywise
•Jerome Powell says the 'real issue' behind the US housing crisis is 'not something the Fed can really fix' — here's why and what Americans can do
83% Informative
On Nov. 7 , the Federal Reserve implemented its second rate cut of the last few years , lowering the target for the federal funds rate by 25 basis points to a range of 4.50% to 4.75% Experts say increased affordability in mortgages could lead to a higher demand for homes that would drive up home prices.
Fed chairman Jerome Powell addressed these concerns in a press conference following the rate-cut announcement in September .
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