The Fed just cut the rate—that means mortgage rates are dropping, right? Well, not exactly. Today I’ll explain which rate the Fed recently cut, and what that actually means for the mortgage market. The Fed Funds Rate is the rate at which banks are able to loan each other money. So why do so many people think that this automatically equates to a reduced mortgage rate?
Learn more here: https://www.719lending.com/what-does-cutting-the-fed-funds-rate-mean
719 Lending is a premier southern Colorado Mortgage Broker. We believe in being transparent, friendly and 100% honest. For the best mortgage experience combined with incredible rates, contact us today.
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Tim Chase
108 E St Vrain #10
Colorado Springs CO 80903
(719) 231-4893
tchase@719lending.com
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