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The Fed on Wednesday cut its benchmark interest rate for the first time in a decade to. Home sales have fallen as high.
If current mortgage interest rates are lower than when you originally financed your home, or if you have paid off a significant portion of your mortgage, then you can refinance to drastically lower.
Current mortgage rates are so low that some housing economists worry that recent homebuyers or refinancers will be reluctant to move a few years from now because they won’t want to give up their.
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