WATCH: What Falling Interest Rates Means For You – WSJ Video

For the second time this year, the Federal Reserve has cut Interest Rates by a quarter point.

The interest rate cut has been design to prepare the American economy to a possible global slow down.

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The number one impact of this action would be on mortgage rates.

“For those looking to buy a home this might be a good time to look because borrowing for a mortgage is cheaper than in it has been in the past.”

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source: https://www.wsj.com/articles/fed-cuts-rates-by-quarter-point-but-faces-growing-split-11568830081