Insight
The Federal Reserve cut interest rates by 25 basis points.
Rates Reverse: Why More Fed Cuts WON’T Get Us Below 6%
Summary
Mortgage rates are likely to stay in the low to mid sixes through 2025, which may lead to stable home prices and tighter affordability. This is due to the Federal Reserve's recent rate cuts and the persistent risk of inflation. Hosts should be aware of this and how it impacts the housing market, as affordability is a key factor.
Key takeaway