The Fed cut its key rate to 4–4.25%, the first reduction in nine months, easing borrowing costs for homeowners and buyers.

Mortgage rates have fallen to their lowest in nearly a year, giving buyers more manageable monthly payments.
While pandemic-era 3% rates are unlikely to return, current rates offer a more stable, predictable environment for planning purchases.

Experts warn waiting for historic lows could be costly, as rising home prices and inflation may outweigh potential interest savings.