Fed Cut Rates 1/2 point!
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Remember this is not mortgage rates that were cut. Normally what happens when they cut is Mortgage rates go up. The stock market rallys and investors take money out of mortgage backed securitys or bonds.
It usually takes two weeks for mortgage rates to come back down. Let see what happens. After all this a real crazy time right now.
I will keep you posted.
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Thanks Mike for the update - I know there are a lot of people out there with questions!
Way to be "The Source" and not "The Salesman"