Interest rate cut, lock in a CD
The interest rates are expected to get cut by the Federal Reserve. Many have been waiting for this moment because the cost of borrowing money will get cheaper. When interest rates get cut so does the rates for mortgages, car loans, and your savings account rate. You can get an auto loan at a lower rate but don’t forget that your ability to collect interest on your savings account is affected also. I’m not in the market to get a…