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It has been a big week for the market. This week the Fed is looking down the barrel at an economic slowdown and low inflation, so it no longer feels the need to continue to raise rates to cool off the economy. Investors also have less confidence in the long-term economic conditions. The economy “is in a good place” according to Fed chairman Jerome H. Powell, but he acknowledged that it is slowing and will likely continue to slow into 2020. This may be the sweet spot for borrowers. Lower rates are obviously a boon for the housing market, which has struggled in the face of low inventory and rising prices. But the economy hasn’t slowed enough that people are losing their jobs and Americans are still showing signs that they want to try to become homeowners.

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The Altitude Group

Matt Thomas

REALTOR® | MCNE

303-269-1617

Matt@AltitudeRealEstateGroup.com

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Chad Schneider

REALTOR® | CNE

720-767-2423 (CHAD)

Chad@AltitudeRealEstateGroup.com