Sure enough--the Fed cut the Prime Rate by 50 basis points (1/2%) today! This should translate into even lower mortgage rates (which averaged 6.31% last week).
Between lower mortgage rates, lower home prices and a large inventory of homes, this could be one of the best opportunities in awhile to buy and sell. The merging of these 3 factors won't last forever so hesitating buyers and sellers may want to move ahead now.
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