As we step into September, the focus is on the Federal Reserve. Many experts expect a cut in the Federal Funds Rate, driven by cooling inflation and a slowing job market. Mark Zandi, Chief Economist at Moody’s Analytics, explains:

“They’re ready to cut, as long as there are no inflation surprises between now and September.”

But how will this impact the housing market, especially for buyers and sellers looking at homes for sale in Cookeville, TN?

Why a Rate Cut Matters

The Federal Funds Rate directly influences mortgage rates, which also depend on economic and geopolitical factors. While a single rate cut might not drastically lower mortgage rates, it could contribute to a gradual decline—good news for those considering new homes for sale in Cookeville, TN or cheap houses for sale in Cookeville, TN.

The Projected Impact

Experts predict the rate-cutting cycle could extend through 2025, which may ease the “lock-in effect” for homeowners hesitant to sell due to higher current rates. This could also boost buyer activity, making it an opportune time for those looking to purchase real estate in Cookeville, TN.

What Should You Do?

If you’ve been waiting for better conditions to explore houses for sale in Cookeville, TN, now could be a great time to take action. Top realtors in Cookeville, TN, and experienced real estate agents in Cookeville, TN, can guide you through these changes and help you make informed decisions.

Bottom Line

With mortgage rates expected to gradually decline, the housing market is becoming more favorable for both buyers and sellers. If you're ready to explore your options, connect with a trusted realtor in Cookeville, TN to ensure you're well-prepared to make your move.