Fed cuts interest rates
Today the Fed cut interest rates by a quarter point. They had already alluded to having another cut. What does lowering interest rates mean? Depending on your financial position, it could be a beneficial thing or not a beneficial thing. As the Fed cuts interest rates by a quarter point, here are examples how this will impact you. Lower mortgage interest rates If you’re in the market to buy a home and have to take out a mortgage, you’re in…