The Unexpected Fall In Mortgage Rates Since The Fed Began Cutting Rates

 


Rate Cut Announcement By Federal Reserve

On Wednesday, the Federal Reserve declared its intention to reduce the federal funds rate by fifty basis points. This was the first rate reduction since the beginning of the COVID-19 epidemic. Moderating inflation and a contracting labor market prompted the decision.

In anticipation of this cut, mortgage rates have significantly decreased, yet they are still low. Additionally, we expect mortgage rates to decline even more as the Fed keeps cutting its benchmark rate. This implies that you can refinance and reduce your monthly payment if your mortgage has a high interest rate. Dream Home Mortgage is your partner in your home refinancing journey. We have the best home refinancing loan options, like cash-out refinancing, which you can get at the best interest rates.

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https://dreamhomemortgage.com/the-unexpected-fall-in-mortgage-rates-since-the-fed-began-cutting-rates/

Website URL Dream Home Mortgage Services | A Division Brazos National Bank

Official Email info@dreamhomemortgage.com

Address 6005 W Park Blvd, Plano, TX 75093

Phone Number (972) 245-5626

Owner Name Mr. Hussein Panjwani

Location: 6005 W Park Blvd, Plano, TX 75093, USA

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