Fed Rate Cuts Could Boost Housing Market and Aid Biden with Young Voters
-
Interest rate cuts by the Federal Reserve could help improve housing affordability and entice buyers, which could aid Biden with young voters.
-
Falling interest rates may spur more homeowners to sell, helping increase housing supply and keep a lid on prices.
-
The Fed is independent but rate cuts would likely assist Biden's re-election prospects.
-
The Fed's decision to pause rate hikes in 2023 may have already helped Biden by avoiding a potential recession.
-
White House officials don't comment publicly on Fed decisions but are privately hopeful for more mortgage rate relief.