Fed Cuts Rates: Will RV Rates Follow?
The Fed cut rates 1/2 percent this morning in an effort to keep the stock market bubble growing. I'm negotiating a new RV loan to close in 10 days and the dealer quoted me 5.49% last week. I haven't...
Forum Discussion
jdc1 wrote:
Wishful thinking. Those overnight fed rate cuts aren't meant for the average Joe...they are for the rich.
wow. sorry, you are so wrong.
"For borrowers, the coming days and weeks will likely see a decline in rates on many consumer products, including fixed and variable-rate mortgages, mortgage refinances and home equity lines of credit. On the other hand, savers will likely see rates on products like CDs and savings accounts trickle lower."...Bankrate
lots of everyday folks have adjustable rate mortgages or have locked a pre-closing rate that with an option to get a lower rate and HELOCs. don't think our president, Bloomberg, Bezos, or any other "rich guy" will be re-financing their mortgage.
