Coronavirus and Interest Rates

[Keith Jefferson]

We all have seen the news of the move by the federal reserve. This may sound like a crazy question, but its ok, I'm all about learning and seeking out information. For us investor, someone like myself that's fairly new and still learning, what exactly does that mean for us? Does this affect commerical loan rates as well?

I'm asking because I just bought a sfh all cash in the name of my llc. I 'm planning to cash refi the property. I've spoken with a few lenders about a week ago about my plan. At that time they all told me the interest rate was about 5%, which seems consistent with my research. But now that the virus has hit and the Fed Reserve has made the annoucement about the interest rates being cut to zero. How does that benefit me in my specific situation and us investors?

https://www.cnn.com/2020/03/15/economy/federal-reserve/index.html