HERE'S HOW MUCH A 300,000 MORTGAGE COSTS MONTHLY NOW THAT THE FED CUT INTEREST RATES The Federal Reserve's recent decision to reduce its benchmark rate by 25 basis points has triggered a meaningful shift in the mortgage landscape, one that helped to mitigate the high costs of buying a home. In response to the Fed rate cut, 30-year fixed mortgage rates fell to an average of 6.13%, marking the lowest point for mortgage rates in the last three years. That's a welcome change from the rate environment that had dominated much of the past year, when borrowers faced rates that hovered in the 7% range or higher. Full article: https://www.msn.com/en-us/money/realestate/here-s-how-much-a-300-000-mortgage-costs-monthly-now-that-the-fed-cut-interest-rates/ar-AA1Nx5rW?ocid=msedgntp&pc=HCTS&cvid=9ddeb3ff53034260be1f75c275f37146&ei=31(FXHedge)