I think the last round of rate drops were in anticipation of the Fed dropping rates. But, the Fed probably surprised the banks by dropping so much.
There's talk the Fed might drop rates again when they meet at their scheduled time at the end of the month, too.
If the banks follow the Fed, then I guess they'll all drop .75%. So, the 5s become 4.25%. Would at least makes 4.6% CDs look better.
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