The Fed Cut rates again. How this can Impact you.

Dated: 09/20/2019

Views: 440

For the second time in two months, the Federal Reserve cut Interest Rates. The reason behind this cut is to stave off any slag in the economy from the China trade war and the global slowdown. The Fed also said they won't be afraid to do one more cut before the end of the year to sustain expansion. 

What does this mean for Mortgage Rates? As of right now, we have not seen the effect of this cut in the Mortgage Industry but typically we see a domino effect starting with the Reserve Rates then pushing down the credit card, home equity lines, adjustable-rate mortgages and auto loans. So hold on to your hats. We could be seeing some extremely low rates coming to us within the next few months. 

~Ginnett Sturdefant

Blog author image

Ginnett Sturdefant

As a Top Producer at Greater Springfield, Realtors my team, in just 2 years, won the Silver Award from the Board of Realtors. I also qualified for the individual Silver Award from the Board of Realtor....

Latest Blog Posts

The Fed Cut rates again. How this can Impact you.

For the second time in two months, the Federal Reserve cut Interest Rates. The reason behind this cut is to stave off any slag in the economy from the China trade war and the global slowdown. The

Read More

Wood's Timeless Appeal

Knocking on wood is a superstition intended to bring good luck. Coincidentally, wood flooring improves the odds that a listing will appeal to more buyers and increase its value.Wood

Read More

The Benefits of Growing Equity in Your Home

Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often

Read More

RENT VS OWN

Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space.Whether you rent or own, you have to

Read More