Prospects for homebuyers could improve this year as the Federal Reserve moves to lower its interest rate target, a bright spot in an otherwise mixed economic outlook.
Greater housing affordability would fulfill one of President Donald Trump’s long-expressed desires. His goal of making it easier to buy houses is the stated reason that he has badgered Fed Chairman Jerome Powell over the course of months to lower interest rates.
Soon, that request will likely be met, at least partially. Investors expect that the central bank will cut its rate target at its meeting next week and then lower rates as much as 0.75 percentage points by the end of the year. While the cuts are not likely to be as steep or as fast as Trump
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