What Happened This Past Week: Rate Cut & Why Mortgage Rates Still Stung
What Happened Last Week: Rate Cut & Why Mortgage Rates Still Stung Last week, the Federal Reserve cut its benchmark interest rate for the first time since December 2024, lowering the federal funds rate by 25 basis points to a range of 4.00%–4.25%. The move—welcomed by many in real estate—was framed
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