Fed Rate Cut: Will Falling Mortgage Rates Revive Home Sales?

The Federal Reserve is widely expected to cut interest rates this week — a move that could breathe life into the housing market after months of sluggish sales. Mortgage rates have already dipped in anticipation, with the 30-year fixed now at 6.25%, down from 6.59% just a month ago. Economists say falling rates should eventually help revive home sales, even as a weakening job market tempers demand in the short term. For now, the question is whether lower borrowing costs will be enough to convince hesitant buyers to jump back in.