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Rate-sensitive sectors like home finance are watching Fed signals closely. Chase Home Finance could see accelerated growth if the expected September rate cut materializes. But Magutha remains in the thick of struggle. In the central business district, supporters often donated meat for his birds; in Kayole, he must buy it himself. To earn money, he spends his days at the nearby dumpsite, sifting plastic from heaps of rotting waste – work that rarely brings in more than $2 a day. Total mortgage costs are a mixed bag. Rocket offered median interest rates to borrowers in 2024 — but much higher-than-median loan costs.
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