Kim Carpenter Realtor

As you have seen and heard the Fed cut rates today. This has had a large
impact on the ARM rates and a muted but positive impact on long term fixed
rates. I stated this on Friday and I will do so again “Basically anyone that
has purchased a home in the last two […]

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• The Federal Reserve Open Market Committee (FOMC) announced a 75 basis
points cut in its Fed funds rate target this morning at 8:23 a.m. EST. The target
Fed funds rate is now 3.50%. The Fed also cut its discount rate by 75 bps.

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