after the recent fed meeting, we got a .50% rate cut. The federal funds rate is the base rate for all interest rates you use every day. Rates such as mortgages, personal loans, car loans, credit cards and more. The base rate coming down means the rate you pay for a mortgage loan comes down as well. We are expecting rates to lower again by January as an on going economy management tool. Fun fact- Rates are managed by economist that work for the “federal reserve” the Centralized private bank that loans and prints money for the US DOLLAR. No president has any control over interest rates or how much money is printed. See our class on #Inflation for more details.