What are the monthly payments on a $1 million mortgage now that the Fed has cut rates?
[ad_1] The monthly payments on a $1 million mortgage loan are a lot more affordable for borrowers now that the Fed has cut rates. Javier Zayas/Javier Zayas Photography/Getty Images The Federal Reserve’s long-anticipated rate pivot finally arrived last week, offering some much-needed relief to borrowers. After months of holding its benchmark rate steady, the Fed…