The [Federal Reserve cut interest rates](https://www.realtor.com/news/real-estate-news/fed-rate-cut-mortgage) on Wednesday for the first time since 2020. To find out how this historic rate cut will affect buyers, we touched base with a handful of [homebuyers](https://www.realtor.com/news/trends/waiting-for-interest-rates-to-drop-before-buying-a-house/) who were waiting for mortgage rates to go down before making a move. Here’s how they’re feeling about the Fed’s latest rate
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