On Wednesday, Fed Chair Jerome Powell announced that the central bank would begin cutting Fed interest rates, starting with a .50 percentage point (50 bps) cut this month. The Fed also signaled that additional cuts were likely in their final two meetings this year in November and December, and more next year.

Over the past couple of years, the US economy has wrung out inflation like dirty mop water from just about every sector — except for the housing market, which remains paralyzed by high prices and chronically low supply.

The Fed's decision to cut interest rates is sure to have an impact on the Bay Area real estate market, with the move encouraging both potential home sellers and buyers to get into the action.

Mortgage interest rates have fallen into the low 6% range this summer, and some experts say more declines probably are around the corner.

Though less reliant on borrowing, the high-end sector will get a jolt of confidence from an active market, resulting in faster home sales, experts say

It might be best to wait a little longer. The post The Fed Cut Rates, But You Might Still Want to Wait to Buy a House appeared first on Mandatory.

The half-point reduction is expected to kick off a series of reductions extending into 2025, providing relief for prospective car and home buyers.

Fed cut rates by 50 bps amid unemployment concerns. Investor caution presents contrarian opportunities in consumer discretionary stocks. Read more here.