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Fed cut will help homebuyers, local brokers say

posted 225 weeks ago on Mortgage Insider

(Update: The difference between conforming and jumbo loan interest rates modified.) First-time homebuyers and borrowers with home equity lines of credit will benefit from today's Federal Reserve decision to cut rates another half percent, local mortgage and real estate brokers said. The cut also should make it easier for homeowners to refinance their loans, getting [...]
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