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Fixed mortgage rates climb on Fed cut

posted 225 weeks ago on Mortgage Insider

I have no explanation for it but mortgage rates in Orange County jumped today on 30-year fixed conforming and jumbo loans after the Federal Reserve cut a key short-term rate by half a percentage point to 3%. (Conforming loans are up to $417,000 and jumbo loans are greater.) The average rate on a 30-year conforming rose [...]
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