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Home loan applications rise as wealthier shoppers hunt for more expensive houses – The average loan size jumped to a record $326,000, well above the nation’s median home value, which the National Association of Realtors said stood at $247,500 in January. The average contract.
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Current Fed Interest Rates Federal funds rate – Wikipedia – The interest rate that the borrowing bank pays to the lending bank to borrow the funds is negotiated between the two banks, and the weighted average of this rate across all such transactions is the federal funds effective rate.
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