New York CNN —
Spring has undeniably been the best time to put your home on the market. The ideal weather displays homes in the best light and the timing makes it a more favorable season for people to move, especially with the end of the school year.
But the Federal Reserve is throwing a wrench into the plans of many would-be homebuyers.
A few months ago, rate cuts, which would help lower mortgage rates, seemed like a sure shot by now as inflation continued to get closer to the Fed’s 2% target month after month.
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