Santa Cruz Homes for Sale: Fed Cuts Could Open Doors for Home Buyers
Posted by Paul Burrowes on
With inflation cooling, the Federal Reserve announced on September 18, 2024, that it would cut interest rates by a whopping half a percentage point. It is a big relief for many Americans, including college students, entrepreneurs, and prospective homebuyers, who have been waiting for the right time to take out a loan.
Inside this Article:
- Why Now?
- Why Homebuyers may jump in after the Fed's big rate cut
- What Price Changes Can We Expect in Santa Cruz Homes for Sale?
- An Advantage for Early Movers (But Likely Short-Lived).
Why Now?
Low rates were a boon for this country until about March 2022. In fact, just a year before, in 2021, real estate investors secured a juicy average mortgage rate of less than 3%, a record…
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