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The Fed cut rates



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amother
OP  


 

Post Wed, Sep 18 2024, 2:16 pm
They cut 1/2 percentage point, which is considered pretty large.
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amother
Zinnia


 

Post Wed, Sep 18 2024, 2:20 pm
Big news. Will have an effect on most of us one way or another.
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amother
Blush


 

Post Wed, Sep 18 2024, 2:25 pm
Are high yield saving account rates going to go down then?

I’m hoping the lower interest rates won’t raise home prices because it’ll be balanced out by more people putting their house on the market.
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amother
  OP


 

Post Wed, Sep 18 2024, 2:30 pm
amother Blush wrote:
Are high yield saving account rates going to go down then?

I’m hoping the lower interest rates won’t raise home prices because it’ll be balanced out by more people putting their house on the market.


They’ll go down. Mortgages will be cheaper. It’s a case by case basis, depending on supply and demand. They can always raise home prices if there are enough people who want to buy at that price.
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amother
Birch


 

Post Wed, Sep 18 2024, 2:48 pm
What does this mean

I see online mortgage rates are still in the 6s,?
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Genius




 
 
    
 

Post Wed, Sep 18 2024, 3:26 pm
It was 7.7 I think two months ago so 6s is good news.
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