The Federal Reserve did something this week it hadn’t done in more than four years when it lowered the federal funds rate by half a percentage point. But for mortgage industry professionals hampered by fewer sales opportunities since the Fed’s streak of rate hikes began in March 2022, will this be the start of better days?

Mortgage experts say that while the 50 basis-point (bps) cut is a welcome sign, it won’t do much on its own to move the needle for a housing market that remains stuck in neutral.

“The immediate impact of the cut is not details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com