Financial Actions When Rates Drop

Front

What percentage of Americans plan to take financial action once interest rates drop, according to NerdWallet?

Back

61%

Front

Which financial action do the largest share of Americans plan to take when interest rates fall? Options: Buy a home, Buy a car, Invest in stocks, Refinance a loan

Back

Buy a car

Front

What percentage of Gen Z plans to take at least one financial action once rates go down?

Back

89%

Front

What is the current federal funds rate as of July 2023?

Back

5.25%-5.5%

Front

What percentage of Baby Boomers plan to take financial action once interest rates drop?

Back

31%

Front

What is the expected outcome on mortgage rates if the Federal Reserve lowers interest rates?

Back

Mortgage rates will drop

Front

According to the Bankrate survey, what percentage of homeowners would purchase a home at a mortgage rate of 6% or higher?

Back

2%

Front

What is the projected effect of a decline in interest rates on home-buying activity?

Back

It will spur more home-buying activity