Now that the Fed cut rates, should you refinance? Experts weigh in

Published Fri, Sep 19 20257:35 AM EDT

By: Jessica Dickler@jdickler & Greg Iacurci@GregIacurci

watch nowVIDEO10:40Jim Cramer recaps Wednesday’s FOMC rate cut decision

The Federal Reserve announced a long-awaited rate cut on Wednesday.

The move could bring some consumer rates down, which may be good news for borrowers hoping to refinance into lower-cost loans.

“While the broader impact of a rate reduction on consumers’ financial health remains to be fully seen, it could offer some relief from the persistent budgetary pressures driven by inflation,” said Michele Raneri, vice president and head of U.S. research and consulting at TransUnion. LEARN MORE…

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