Yeah!!!!!
The Fed got it right. After much speculation, the Federal Reserve cut an important interest rate .50%.
What does this mean to you?
Well, if you have an equity loan your interest rate probably just dropped .50%. Long term interest rates won't make a big jump, but 30 year fixed rates just went down about 1/8th today to 6.25%. This is all positive news for the Real Estate market so if you have a home that has been listed for awhile, stay positive.
Joe Ambrose
Broker/Owner
Acorn Realty, Inc - West Chicago
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