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Entries from July 25th, 2016

Turning the Key on Mortgage Rates

July 25th, 2016 · No Comments · Mark Lomas and Kirsten Wolfe, Mortgage Information, Santa Barbara Real Estate

When the Feds lowers the federal funds rate, lenders can finance home loans more cheaply. As a result, they can reduce the interest rates they charge for a fixed rate mortgage. In recent years, the Fed has kept the federal funds rate low in an attempt to stimulate the housing market.  Basically, the Fed is […]

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