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Federal Reserve's Cuts May Not Lower Mortgage Rates, Analysts Warn
Potential homebuyers and President Donald Trump have wanted the Federal Reserve to cut its influential interest rate in the hope that mortgage rates would fall in response. However, economists and ... Read More
Would a September rate cut translate to lower mortgage rates?
Jay Powell’s dovish turn at Jackson Hole should be welcome news to would-be homebuyers. The average mortgage rate on a 30-year fixed is around 6.6%, according to government housing agency Freddie Mac. Read More
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