Less than a month after the Federal Reserve’s first interest rate cut since the financial crisis, Federal Reserve Chairman Jerome Powell gave indications that another cut could be on the horizon, according to some economists.
Given that the July drop in interest rates had little impact on mortgage rates, which are at their lowest levels since 2016, it is difficult to say what impact another Fed-initiated interest rate dip would have for mortgage lenders.
Learn more about the implications of Powell’s speech and of a possible impending rate cut.