Interest rates have been elevated since the start of the year, and many consumers are unhappy about that. Although higher interest rates can mean better returns in savings accounts and CDs, they can also make borrowing very expensive.
The good news for consumers hoping for rate cuts is that there’s growing talk of the Fed lowering its benchmark interest rate when it meets in September. Not only could lower interest rates make it cheaper to sign loans, but they could also have an impact on certain investments.
One example is real estate investment trusts, or REITs. In fact, you may want to load up on REITs in your portfolio now, before interest rates start to fall. Here’s Why.
This post originally appeared at 24/7 Wall St.