The Fed meeting is scheduled for this Tuesday and Wednesday, September 16 and 17, although its chairman Jerome Powell has been cautious about the hasty decision to reduce interest rates, some indicators could push for a cut.

Although interest rates do not directly influence the housing market, mortgage rates react to the bond market, especially 10-year Treasury bonds.

Therefore, as Realtor.com senior economist Jake Krimmel mentions, "the Federal Reserve sets short-term interest rates, while mortgage rates are long-term interest rates," he highlights.

In this sense, a key point is that homeowners and future homebuyers cannot expect the fall in mortgage rates to be immediate once the Fed initiates the cuts.

Currently, 30-year fixed-rate mortgage costs were located at 6.35% this week, and 15-year fixed rates at 5.6% according to a report recently published by Freddie Mac.

Now, where do the Fed's interest rate cuts have an influence? They directly affect high-yield savings accounts, credit unions, loans, and certificates of deposit (CDs).

In this regard, Krimmel commented that "they may not be pressing against each other, but they are moving in the same direction," adding that "a lot of the decline we've seen in the last four to six weeks was due to some of these cuts being anticipated," since according to the economist some banks and other financial institutions are reducing their interest rates in anticipation of a Fed cut, and the latter is influencing the real estate sector.