Expect Lower Mortgage, Car Loan Rates in 2024 as Fed May Cut Rates: Economist

Economists say the Federal Reserve is done hiking interest rates. So what does that mean for the economy overall and for your personal finances? NTD speaks to Vance Ginn, the president of Ginn Economic Consulting and former chief economist at the Office of Management and Budget, who says Americans should expect lower mortgage and car loan rates in 2024 with a good chance the Fed will cut rates.