Florida Economists Say Fed Rate Cut Would Help Consumers and Businesses

Mortgage rate scenarios to watch following a likely Fed rate cut

By Jeff Ostrowski, Bankrate.com Nearly everyone thinks the Federal Reserve will cut interest rates this week. That sentiment has translated to falling mortgage rates. Last week, the average 30-year fixed rate dropped to 6.38%, according to Bankrate’s national survey of lenders. Rates haven’t been this low in nearly a year. Related Articles Jerry quits Ben & Jerry’s, saying its independence on social issues has been stifled …

Florida economists say Fed rate cut would help consumers and businesses

Lenders say a Federal Reserve interest rate cut would help consumers on home loans, car loans and credit cards.

Sorry, Homebuyers: A Fed Rate Cut Might Not Actually Lower Your Mortgage Rate

By: Leslie Cook – Editor: Julia Glum For house hunters hoping for relief from the high mortgage rates that have been the trademark of the housing market over the past two years, the prospect of a Federal Reserve rate cut sounds promising. Alas, they shouldn’t get too excited. Despite the headlines promising rate relief, this week’s decision probably won’t move the mortgage-rate needle all that much — at least, not in the way they’re expecting. …