The Federal Reserve’s expected rate cuts this week won’t provide much relief to homebuyers facing high borrowing costs, according to Gary Cohn, who served as chief economic adviser to former President Donald Trump.

"I do not see a major impact to the mortgage market or credit-card financing or anything else by the Fed starting to drop rates this week," Cohn said.

The 30-year mortgage rate fell to the lowest level in two years ahead of a key Federal Reserve policy meeting on Wednesday. The central bank cut interest rates for the first time

Buyers, sellers, and refinancers can benefit from how much rates have dropped already, off the expectation that the Fed would deliver an interest rate cut this month—and it did.

The Federal Reserve’s expected rate cuts this week won’t provide much relief to homebuyers facing high borrowing costs, according to Gary Cohn, who served as chief

Tonight, the Federal Reserve of the United States is expected to do something it hasn’t done since March 2020:- CUTTING INTEREST RATES! Despite being ready, investors all around the world are nervous,