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Real Estate News!

Relevant and interesting news from the Florida Association of Realtors:

Federal Reserve Cuts Interest Rates by Quarter Point

The Fed cut rates for the second time this year and said it would keep doing what it deems necessary to sustain the U.S. economic expansion. Interest rate cuts have a direct impact on adjustable-rate mortgages and an indirect effect on fixed-rate loans.

FICO Credit Scores Surge to Record High

More homebuyers qualify for low mortgage rates after the average FICO score rose to 706. In post-recession 2009 it was 686; in pre-recession 2006 it was 690.

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The Reed-Ferry Team

4800 Haw Branch Rd
Sebring, FL 33875
Phone: (863) 382-6575
Fax: (863) 382-6107
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Kimberly Reed
Cell: (863) 381-6575
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Helen Ferry
Cell: (863) 381-1089
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