Dean Baker, senior economist at the Center for Economic and Policy Research, a progressive economic policy think tank, stated that the Fed decision is a good sign for the housing market.
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US Federal Reserve chairman Jerome Powell has flagged his intention to cut interest rates ... to 2.9 per cent in the UnitedStates last month, which is the lowest rate since early 2021.
A mortgage rate is how much interest a buyer pays to take out a loan when they purchase a property. It’s essentially the cost of taking out a loan. A buyer will owe this interest annually as a ...