Weekly Mortgage Rates Drop, Easing Affordability
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Mortgage rates fell this week after the chair of the Federal Reserve uttered long-awaited, market-moving words.”The time has come for policy to adjust,” Fed Chair Jerome Powell said Aug. 23 in a speech. Translated from Fedspeak to English, this means, “We’re going to cut interest rates soon.”Investors already were betting that the Federal Reserve would…
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