Here's how the latest cut could affect consumers:Mortgages: changes already priced inThe housing market anticipated the cut, meaning most homebuyers won't see an immediate difference. Still, lower rates could help borrowers refinance over time. Savings: yields will slipSavers may lose out as high yields on CDs and online savings accounts edge lower. "There may be a few accounts with returns of about 4 percent through the end of 2025," said Ken Tumin, founder of DepositAccounts.com, "but the Fed cuts will lower average yields." "Auto loan rates don't move in lockstep with the Fed rate," Kates said.