From Google: 2024-08-01 20:24:11

Good news for borrowers as interest rates are cut, with rates on 30-year mortgages dropping to 3.25%. The Federal Reserve’s decision to cut rates has resulted in lower borrowing costs for consumers and businesses. Inflation is also under control, with the consumer price index rising 0.1% in May and 1.8% from a year ago. This news is a positive sign for the economy and may lead to increased consumer spending.



Read more at Google: Interest Rates & Inflation: Good News For Borrowers As Interest Rates Cut – Forbes