The Federal Reserve kicked off its interest rate easing cycle with a 50-basis-point cut on Wednesday. But what does that mean for your mortgage?

Yahoo Finance Senior Housing Reporter Claire Boston joins Wealth! to discuss what the rate cut means for homebuyers who have been sitting on the sidelines amid elevated mortgage rates, which haven been consistently cooling over the past several months.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Melanie Riehl