What these homebuyers and owners told us an interest rate cut means to them | CNN Business

CNN  — 

Elevated mortgage rates and higher home prices have made owning a home feel increasingly out of reach for many Americans.

Last month, the Federal Reserve cut its benchmark interest rate by half a percentage point and signaled that more cuts are coming.

But post-pandemic inflation has left scars on the housing market. Would-be buyers feel left behind, and even many of those who already own a home feel stuck, unable or unwilling to give up cheap mortgages to find new properties.

CNN spoke to Americans spanning from early career to

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