Three Fed rate cuts in 2019 spur more home-loan activity

MORE AFFORDABILITY: Rhode Island Association of Realtors President Shannon Buss, bracketed by books that have been key to her real estate career, says three consecutive interest-rate cuts by the Fed haven’t led to new homebuyers entering the market, but they have helped buyers who are already looking to afford more in a house. / PBN PHOTO/MICHAEL SALERNO
MORE AFFORDABILITY: Rhode Island Association of Realtors President Shannon Buss, bracketed by books that have been key to her real estate career, says three consecutive interest-rate cuts by the Fed haven’t led to new homebuyers entering the market, but they have helped buyers who are already looking to afford more in a house. / PBN PHOTO/MICHAEL SALERNO
Three interest-rate cuts this year by the Federal Reserve have encouraged homeowners to seek out refinancing of existing mortgages and created a robust market for new home loans. But the impact of the Fed cuts isn’t as direct or immediate as one might think. Lending and housing experts say the accumulation of cuts to the…

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