The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal of relief for borrowers. Few areas of the economy welcomed the news more than the nation’s sluggish housing market,

This week, the Federal Reserve cut its influential federal fund rates by 50 basis points. That could shake up the dynamic of the housing market, though perhaps not immediately.

Over the past few years, elevated mortgage rates and sky-high housing prices have contributed to a lack of home affordability.