Torin Palmer

Since the Federal Reserve has recently lowered interest rates, your decision to buy a new home may be significantly impacted. Understanding these effects is crucial for making informed choices in today’s real estate market. Lower Mortgage Rates One of the most direct consequences of a Fed rate cut is a decrease in mortgage interest rates. When the Fed lowers rates, it typically reduces the cost of borrowing across the economy, including for mortgages. This means that potential homebuyers can … [Read more...] about Lower Interest Rates May Mean Refinancing Opportunities, Increased Homebuying Competition