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Posts from: Interest Rates

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Current EventsInterest Rates

What COVID-19 Federal Reserve Interest Rate Cuts Actually Mean to Mortgage Borrowers

by Lawyertor 03/16/2020
Yesterday at 5 p.m. ET, the Federal Reserve cut its benchmark Funds Rate to a range of 0%-0.25%, and pledged to buy $700 billion in Treasuries and mortgage bonds, to bolster the economy against a coronavirus slowdown.This does not immediately cut fixed-rate mortgage…
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