BIG: How does the Fed's rate cut affect home prices and mortgages? | LiveNOW from FOX

The Federal Reserve's 50 basis point rate cut has potential homebuyers and sellers wondering what affect it will have on the housing market. It's the Fed's first rate cut since March 2020 and it lowers the benchmark federal funds rate to a range of 4.75% to 5%. Real estate experts expect the rate cut will bring more buyers and sellers to market, potentially increasing the inventory and creating momentum for price competition. LiveNOW's Carel Lajara spoke about the housing market with real estate expert Kirsten Jordan. Subscribe to LiveNOW from FOX! https://www.youtube.com/livenowfox?sub_confirmation=1 Where to watch LiveNOW from FOX: https://www.livenowfox.com/ Follow us @LiveNOWFOX on Twitter: https://twitter.com/livenowfox Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX.