American Banker 2024

BankThink Congress should invest in the economic future of Latino homeowners

The Federal Reserve recently cut interest rates for the first time since 2020. While many homebuyers are breathing a sigh of relief, an alarming shortage of affordable homes and record-high cost of living has made the cut less impactful. In America, where homeownership has long been the bedrock of financial security and generational wealth building, a middle-class milestone is becoming increasingly difficult to attain.