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Brainard Pitches $1,000 Down Payments For First-Time Homebuyers

Lael Brainard, former vice chair of the Federal Reserve, said there is 'no reason for the Fed not to hike' rates in December after core CPI from October exceeded estimates. Brainard, who also served as the director of the National Economic Council During the Biden Administration, discussed her proposal for a program that would allow to $1,000 down payments for qualified first-time homebuyers as she said potential buyers struggle to gather the larger sum required for a traditional down payment. …

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BloombergLean L·3h ago
Brainard Pitches $1,000 Down Payments For First-Time Homebuyers
Lael Brainard, former vice chair of the Federal Reserve, said there is 'no reason for the Fed not to hike' rates in December after core CPI from October exceeded estimates. Brainard, who also served as the director of the National Economic Council During the Biden Administration, discussed her proposal for a program that would allow to $1,000 down payments for qualified first-time homebuyers as she said potential buyers struggle to gather the larger sum required for a traditional down payment. …
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Brainard Pitches $1,000 Down Payments For First-Time Homebuyers

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