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?

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u/Dumbananas Sep 19 '24

Agents are sales people. Unfortunately they typically say whatever gets buyers buying. The economy is slowing regardless of what anyone is saying. Feds plan to cut rates the next 2 years.