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What the Fed’s Rate Cut Means for Buying a Home, Refinancing

The Federal Reserve cut its benchmark rate to 5.00%, leading to a modest drop in mortgage rates to about 6.45%, while housing market activity remains subdued due to affordability and supply issues.

Summary by The Oregonian
One rule of thumb to consider when refinancing is whether you can reduce your current mortgage rate by at least one percentage point.

8 Articles

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Deseret News broke the news in Salt Lake City, United States on Thursday, September 18, 2025.
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