Debunking Scary Myths About Buying a Home
Debunking Scary Myths About Buying a Home Some Highlights There are a number of scary myths about homebuying in today’s market. Here’s what you need to know. Prices are not expected to crash, it is possible to buy even with student loan debt, and there are programs that can help you save for a dow
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Talking Points
The Fed cut rates by 50 basis points on September 18, initiating a new loosening cycle. Since then, average 30-year mortgage rates have RISEN by 50 basis points to around 6.60%. Why? Because September jobs growth was a lot stronger, and September inflation (CPI) was a bit hotter than expected. CPI c
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What Fed Rate Cuts Really Mean
Since the Fed cut rates 50 basis points on September 18, we've seen 30-year fixed mortgage rates rise meaningfully. You may be wondering how this can be. The Fed is reducing the Fed Funds Rate, which is not mortgage rates or even a long-term rate. The Fed Funds Rate is a very short-term rate, litera
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