Interest Rate Update: Translating What The Fed Said
Recently we learned that the Fed had cut its federal funds rate once again to 4.5%. What followed in the news was a flood of technical financial jargon, which just confuses many people rather than helping them understand how the change affects them.
Luckily for those who did not major in finance, BankRate.com has put together a handy “What The Fed Said” translator of the Fed’s news release! Check it out here and remember that an experienced Realtor can always refer you to a reputable lender, who can help you decide the best way to finance your home purchase.
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