What interest rate cut means for real estate, car loans and debt

The Federal Reserve cut interest rates by 0.5% - the first decrease since 2020. NBC’s Vicky Nguyen joins TODAY to discuss what the interest rate cut means for your wallet and shares tips for the housing market, car loans and credit card debt.
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#interestrates #money #loans

[@AndrewTran-bleh]

Vicky is the real life version of the mom in Fresh off the boat 🤣

[@7SideWays]

What about savers that were enjoying 5% risk-free?

[@steveludwig4200]

Those days are over. Lucky folks are those that locked in 3-5 year CDs paying 4.50% - 5.25% that were available up to a few months ago. Those same CDs are paying maybe 3.5% right now.

[@BurnaBwoi]

Or get a "high yield" Savings or Money Market account with a reputable online bank like Ally or Marcus (Goldman Sachs) around 4.20% 5:31

[@Rashaadthegr8]

Forget loans and credit scores. Pay your stuff in cash like a real adult. Saving up is not a illegal.

[@jeretso]

Inventory is low. Lower rate means bidding frenzy

[@steveludwig4200]

Good if you are a seller.

[@alexlopez5800]

Means everything is going to shoot up because the dollar is losing its value. More rate cuts mean more inflated money in the economy

[@TravelTechie415]

it means nothing, when prices are too high .. most with a brain and common sense .. will not buy

[@ThePetit1989]

Ain’t buying nothing

[@rochonhalljr]

I’m a realtor. I Just had breakfast this morning with my Lender who has over 20 years of experience. Rates were cut, but interest rates went up…. Just thought you guys should know.

[@rahhjur]

Vicky is such a great and engaging speaker!

[@steveludwig4200]

Yes she is and I'm surprised that NBC actually has a financial expert on this show.

[@danny1103]

Still have a long way to go if we want to see 3.0% - 3.5% being offered for a 30 yr mortgage again. But then in terms of car loan, some manufacturer direct financial services offered 2%-4% for a new/certified rate over 48 months, which is much better than bank or credit union.

[@astizzo]

Must be election time

[@mj3846]

Excellent segment. A lot of important gems

[@richarddamien4654]

With rate cuts looming, I'm bracing for a 5-10% hit to my already depleting portfolio made up of laddered Tbills & Bonds more than stocks at this point. This is really unsettling. Do I rebalance now, liquidate assets, or ride out the volatility? The stakes are high, and I’m beginning to feel insecure at 52.

[@patrickjones1392]

Stay calm, watch the news after 4 o’ clock (I watch Quest means Business) stay informed about economic changes, consider safe haven assets like gold (doing really well right now). If you lack extensive knowledge with the asset classes you are holding, review your retirement goals with a financial advisor.

[@kingcastro-s1p]

That’s right! I agree with the reply above. Working with a fiduciary not just an advisor is crucial to navigating the volatile market. My portfolio is currently diversified $400K in stocks (tech, big Pharma and consumer goods) and $250K in alternatives (private equity, precious metals, cryptocurrencies), which has boomed significantly!

[@richarddamien4654]

incredible. Could you recommend who you work with? I really could use some help at this moment.

[@kingcastro-s1p]

Monica Mary Strigle is my fiduciary and is NY-based. Just search the name. You’d find necessary details to work with to set up an appointment.

[@LBM-1956]

We arent anywhere near where we were 4 years ago, we are still on the fast track to recession if more inflation, our tax $$$ going to support other nations and illegals continue being allowed entry.

[@lovetoplaywithyou3530]

Go listen to Dave Ramsey

[@TravelTechie415]

Hold the Line .. DO NOT BUY A HOUSE .. let it crash baby, we need a recession 🤞🤞 .. HODL .. HODL .. HODL .. the only way to win the game, is not to play

[@marjoriecoleman8280]

Great segment, she had a lot of smart ideas! Save more than you spend, makes perfect sense. ❤

[@Ikingjamesiv]

Inventory isn't lowering. Housing inventory is up since last year 60% (90% in florida)

[@Anonymous.24.]

Nope, don’t care. Saving a lot of $$$ by living with my parents.

[@NOC1TIME]

Always welcomed. American still goes red regardless.

[@FreddyJong-co6cb]

Vicky nguyen should be host of today show she is beautiful and smart the today show is to woke 😂😂❤❤😂😂❤😂😂❤❤😂❤❤❤❤

[@steveludwig4200]

No because then she would turn into just a talking head like the other two here. First time I have seen her and she is intelligent and well spoken and also doesn't waste time with her points.

[@FreddyJong-co6cb]

Vicky nguyen earn her role on today show not the blacks lives matter d.e.i.hire 😂😂❤😂😂😂❤😂😂❤😂😂❤❤❤❤❤❤❤❤❤❤❤❤❤