US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 10 experts say it's going to happen.

Fri, 11/24/2023 - 11:38

home sales — The lack of homeowners selling their homes has contributed to a shortage of housing inventory.
(Left) Kevin Dietsch/Getty Images, (Right) Getty Images

High mortgage rates make it difficult for prospective homebuyers to enter the market.
Mortgage rates could decline if the Federal Reserve cuts interest rates next year.
Here are 10 projections from experts on when the Fed's first rate cut will come.

High mortgage rates have effectively frozen the US housing market. And while lower rates could be on the horizon, Americans might have to wait awhile.