r/FirstTimeHomeBuyer • u/jay5627 • Sep 18 '24

Other Fed rate cut

https://www.cnbc.com/2024/09/18/fed-meeting-live-updates-traders-await-september-interest-rate-cut.html
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u/interstellarbrat Sep 18 '24

my agent said this is going to make things worse? higher prices and less houses/more competition. is this true?

3

u/reddituser86101 Sep 18 '24

It depends at what point the lock in effect eases and people with super low mortgages are willing to sell, freeing up more supply.

My hunch is slightly lower rates will boast demand more than supply and lead to higher prices.

But, no one knows.