US EditionAll Things Real Estate: The benefits and detriments of the historically low interest rates
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All Things Real Estate: The benefits and detriments of the historically low interest rates
Remember when interest rates were as low as 2.5%? The Federal Reserve (Jerome Powell) cut the rate on March 3 and March 15, 2020, reducing the funds rate to a range of 0%-.25%. Then, on April 29, 2020, the rate was effectively “0%.” This basically allowed banks to lend each other money overnight without any cost. This was done to keep our economy from crashing, which in turn lowered all rates across the board, most importantly, mortgage costs to…
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