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I don't think rates have bottomed out yet. All the logistics for every sector are being all fucked up, this will continue to ripple. This isn't a health epidemic emergency this is a global supply chain problem. The fed sees that they want to make money cheaper to borrow as this will have adverse affect on industry's ability to do business if they can not settle their supply chain.
Not sure lovering rates is gonna help this situation but it will make money cheaper to borrow.
I have a 4.25 I singed last year I'm gonna wait a few more days I think rates are gonna trend lower with the rate cut.
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