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Interest rate reductions would be a positive for consumers. It would imply lower mortgage rates helping the housing market, Jeff MacLellan writes. Here's how soon interest rates could start dropping
They can pay their credit card bills on time and pay no interest, or shop for lower rates among the many creditors offering loans. In September, the average rate on a new credit card offer has ...
Yes: If interest rates drop, credit card rates will “almost certainly fall from record highs in coming months, (but) no one should expect dramatically reduced credit card bills anytime soon ...
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This is all due to the fact that the federal interest rate is not tied to mortgage rates, with different factors influencing if they go up or down. ... to see rates in the 5% range anytime soon ...
The Fed's 19 policymakers projected that they will cut their benchmark rate by a quarter-point just twice in 2025, down from their estimate in September of four rate cuts.
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