The Greek chorus of Fed watchers calling for an immediate interest rate cut this summer is growing. This may include your household as it is battered by high mortgage bills and credit-card rates plus disappointing 401(k)s.

The average rate on 30-year fixed home loans from Freddie Mac edged down again to 6.81% for the week ending June 18.

Federal Reserve Vice Chair for Supervision Michelle Bowman, recently tapped by President Trump as the central bank’s top bank overseer, said Monday the time to cut interest rates may be fast approaching as she is growing more worried about risks to the job market and is less concerned tariffs will cause an inflation problem.