Could the US interest rate cut boost the housing market?

The recent Fed interest rate cut in the US might not significantly reduce mortgage rates for potential homebuyers. While the cut could boost demand and aid builders, banks had already lowered mortgage rates in anticipation. Buyers like Aileen Barrameda, who is looking to purchase a house in Los Angeles, are taking advantage of the current rates amid concerns over rising home prices, limited housing supply, and the potential for inflation to push rates back up.