Is it true that interest rates on loans will soon drop to 12 percent?

I'm not really up on interest rate forecasts - that's more economics and finance stuff, not my area. As for existing loans, market rate cuts usually don't automatically apply to loans that've already been issued. You'd either need to refinance or negotiate with your bank, and honestly that's trickier than it sounds. New borrowers see conditions change faster, but for specific timelines and numbers you're better off checking directly with the banks you're interested in or with financial analysts - they keep a much closer eye on this stuff.