ORLANDO, Fla. — Wednesday’s expected interest rate cut from the Federal Reserve would impact a wide range of consumers. Anyone shopping for a home loan, car loan, personal loan or people with credit cards could all be affected.
What You Need To Know • Realtors and lenders hope the Fed will cut interest rates Wednesday • A cut could improve home sales that have declined by 13% in Central Florida • Credit card and car loan rates are more directly influenced by Fed rate cuts
Lenders and economists will be watching how much the Fed cuts its federal funds rate, which will push the Ten-Year Treasury rate up or down and determine rates on home loans.
The Orlando Regional Realtor Association represents 18,000 Realtors in Central Florida, and officials with the organization say home sales