Feds Cut Rates Again but....

Fed Cuts Rate Again   Well, the Federal Reserve was at it again.  Recently, it cut the Fed's Fund rate from 2.25% to 2.0% - remember that this is the interest rate charged for overnight borrowing from the Federal Reserve Bank.   While freeing up lenders' liquidity and allowing them to earn interest on overnight investments, one would think that the savings and their increasing profits would eventually trickle down to you and I, the consumer.  However, this has not happened in the last five rate cuts.  Interest rates on the 30 year fixed note are still hovering just under 6.0%, and according to the latest news from the National Association of Realtors, they are expecting it to rise to 6.25%.