How the New, Lower Mortgage Rates will Impact Customers

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The Federal Reserve recently made an unprecedented announcement that the current mortgage rates that are at an all time low will not be changing any time soon. The basic message was that the fed has no intention of raising rates and inhibiting new mortgage loans.

How will this impact the majority of consumers? First and foremost it is a slight indication the powers that be feel the economy will take considerable time to rebound. Slow growth means that jobs will also be slow to return.


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