What does the Fed lowering rates by 1/4 point mean for buyers?
What does the Fed lowering rates by ¼ point mean now? When the Fed lowers its benchmark (the federal funds rate) by 25 basis points: What it does: Cheaper short‑term borrowing It reduces costs for interbank loans and other short‑term rates. This tends to ripple out to things like credit cards, adjustable‑rate mortgages (ARMs), and […]