NEWS Desk Global
HOUSING MARKET AND ECONOMY EXPECTED TO BENEFIT FROM FED SLASHING INTEREST RATES
Home buyers, sellers and realtors are celebrating on the heels of the Federal Reserve's decision Wednesday to lower the lending rate a full half-point. Mortgage rates could start dropping a bit in the next few weeks, which is expected to impact the real estate market.
Some experts believe a half-percent drop by the Fed will grab the attention of owners sitting on the fence worried about whether they can afford to buy a new home if they sell the one they are living in now.
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