PHOENIX — The Federal Reserve cut interest rates for the first time since December.

The Fed approved a quarter-point rate cut, with the Fed Chair citing the need to support a weakening job market.

Today’s rate cut could translate to paying less on car loans and credit cards, but also home loans, as more people will be encouraged to buy.

Lisa Paluska is keeping a close eye on the Fed cuts. She’s in the market to buy a new home.

“We’re looking to get something a little bigger,” said Paluska.

She weighed in on how the interest rate cut could impact her homebuying process.

“It will affect us in the way that it will drive the competition when we do go to look for another home,” she said. “There will be more people competing for that same home, because now they can afford it or it’s easier

See Full Page