Press Play with Madeleine Brand
Will the Fed’s interest rate cut lower LA’s housing costs?
The Federal Reserve announced a half-a-percentage point cut in interest rates on Wednesday. Mortgage rates had already been falling, but the median home price in LA is $1 million.
By Madeleine Brand • • 10m ListenThe Federal Reserve announced a half-a-percentage point cut in interest rates on Wednesday. Mortgage rates had already been falling, but the median home price in LA is $1 million.
