The BASE RATES (before addons for LTV, DTI, and FICO) continue to creep downward based on last week’s lower than expected Jobs Reports and higher than expected unemployment figures.  With this the current talk on the street is that the Federal Reserve will be looking to lower the overnight rate charged to banks 0.25% in September which will directly impact consumer debt products (car loans, credit cards, and Home Equity Lines of Credit).  As you can tell ALL of this has an indirect impact on what we’re seeing to bring the BASE RATES well below 6.00% for the first time since late 2023 …