Tag: interest rates
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How the Fed’s Surprise Rate Cut Didn’t Affect Mortgage Rates: A Closer Look
If you haven’t heard, the Federal Reserve made a surprise 50 basis point (0.50%) rate cut last week. This is welcomed news, especially since the Fed also stated their goal is to lower rates by around 100 basis points over the next few months and years. However, the relationship between Fed rate cuts and mortgage…
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Mortgage Hacks 101
What does the word mortgage mean to you? For most people it is a 30 year loan that they take out from a lender to buy a home. And that’s it. Most of us don’t think about our mortgage outside of making monthly payments, maybe refinancing, and for some using it to take out a…
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