BENTON, Ark. — With the recent Fed cuts, some have been looking at the housing market and mortgage rates.

Now, some have been left wondering how this cut could impact the housing market.

“Over the last couple of years, we've seen an increase in interest rates, and that's due to a number of factors, primarily inflation. Over the last probably 60 days, we've started to see interest rates come down, and that's due to the Fed announcing that they plan to cut the Fed funds rate by a quarter percent,” said Jake Arey, the branch manager at Verity Mortgage in Benton.

Arey said that while the rates did come down from a quarter of a percent, there’s a little bit more to how the drop in interest rates has already impacted the housing market in Arkansas.

“That does not mean that mortgage rates are

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