The Federal Reserve on Wednesday cut its benchmark interest rate by a half-point — the first cut since March 2020.
The move, which comes after more than two years of high interest rates aimed at taming inflation, is providing hope to potential home buyers in Colorado.
“I’m so excited,” said Alena Olorunfunmi, whose family has outgrown a home they purchased in Aurora in 2023. “It’s getting bright at the end of the tunnel.”…