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US Housing Market Cools As Down Payments Shrink
The typical down payment made by American homebuyers fell by roughly 1 percent year-over-year in April, according to a new report by Redfin. It was the first decline in nearly two years, since June 2023. How Much Do Americans Spend on Down Payments? The typical U.S. homebuyer currently puts 15 percent down, a little less […]
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Jerome Powell Announces Interest Rate Cut After Inflation Cools
Federal Reserve Chairman Jerome Powell announced Thursday that the central bank cut its benchmark interest rate after inflation cooled in September. After the Fed’s two-day meeting ended on Thursday, the central bank cut its benchmark interest rate, known as the federal funds rate, by a quarter-point to between 4.5 and 4.75 percent. This is the […]
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