In today's big story, we got our first interest-rate cut, but it doesn't feel like it for many consumers .
We finally got an interest-rate cut, but borrowing costs are still high.
First off, last month's interest-rate cut wasn't going to provide immediate relief.
Yes, the average 30-year fixed mortgage rate has gone up 47 basis points since the Fed cut rates , writes BI's Matthew Fox.
So the Fed cut rates but borrowing costs went up?
Persons:
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