Fed Cuts Rate 50bps — Mortgage Rates Drop Below 6.85%
The Federal Reserve cut the federal funds rate by 50 basis points, marking the first cut in 4 years. 30-year mortgage rates dropped from 7.10% to 6.85% within 48 hours.
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The Federal Reserve cut the federal funds rate by 50 basis points, marking the first cut in 4 years. 30-year mortgage rates dropped from 7.10% to 6.85% within 48 hours.
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