As the Federal Reserve considers a possible rate cut in September, experts are divided on how it will affect homebuyers. Some warn against making any hasty decisions before the anticipated cut, while others caution against overreacting to the news.

According to CBS News, some homebuyers may be tempted to delay their purchase in hopes of getting a better deal after the rate cut. However, MarketWatch reports that a jumbo rate cut could be perceived as a panicky move by the Fed, potentially causing more harm than good.

Meanwhile, Federal Reserve Chairman Jerome Powell is set to deliver a speech at the Jackson Hole economic symposium, where many are expecting him to provide clues about the central bank's plans for September. MarketWatch speculates that Powell may use this opportunity to push back on expectations for a rate cut.

As the debate continues, homeowners are also weighing their options for financing. CBS News explores whether a $100,000 home equity loan or a $100,000 HELOC would be cheaper following a potential rate cut in September.

With uncertainty looming, experts urge caution and careful consideration before making any major financial decisions.