The Federal Reserve says that home buyers in the United States are getting a discount from their mortgage payments because of the Federal Reserve’s efforts to lower interest rates.

The central bank has lowered interest rates for about the past six months, the last time it did so in December.

The Fed lowered rates in December because of a slowdown in inflation that is expected to last through the end of the year. 

The Federal Reserve said Monday that interest payments are expected to rise 0.4 percent in 2018 and 0.3 percent in 2019, after a 0.7 percent increase in 2017.

The central bank said in a statement that it has raised interest rates “in response to slowing economic activity, the threat of a sharp correction and heightened uncertainty regarding the outlook for the U.S. economy.”

The Fed raised rates to a record high last month and this week cut its benchmark interest rate to a low of 0.25 percent from a high of 1.25%.

The Fed said it expects inflation to be near its 2 percent target for the rest of this year.