Mortgage loan, a great post
25 percent, which it reached in late 2006 and early 2007. Although the Fed's latest rate cut did not surprise financial analysts, analysts were unsure how much farther the Fed would be willing to cut. The rate cut should be a great benefit for borrowers. The Fed's interest rates strongly influence lender set interest rates, leading consumer rates on mortgages, auto loans, credit cards, and similar types of debt to trend downward when the Fed cuts rates. Mortgage rates are especially prone to react.