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  2. The Fed just cut interest rates. Time to tap your home equity?

    www.aol.com/finance/fed-just-cut-interest-rates...

    The Federal Reserve’s rate cut affects HELOCs and home equity loans differently. Existing HELOC borrowers can expect their rates to decrease in response to the Fed’s rate cut, but it may take ...

  3. The Federal Reserve is finally lowering rates. Here's what ...

    www.aol.com/federal-finally-lowering-rates-heres...

    The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.

  4. The Fed rate cut: 5 ways lower rates will affect your wallet

    www.aol.com/finance/what-does-fed-rate-cut-mean...

    Just like CDs, your rate is locked in for the term of your loan, so Fed rate movements won’t affect your monthly payments. It means that if you snagged a 3.00% 30-year fixed mortgage in 2020 ...

  5. For home shoppers, the Fed’s big cut is likely just a small ...

    www.aol.com/home-shoppers-fed-big-cut-124731669.html

    The Federal Reserve gave home shoppers what they hoped for this week: a big rate cut and a signal of more cuts to come. While the Fed doesn’t set mortgage rates, its policy pivot does clear a ...

  6. Federal funds rate - Wikipedia

    en.wikipedia.org/wiki/Federal_funds_rate

    Federal funds rate vs unemployment rate. In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve.

  7. U.S. prime rate - Wikipedia

    en.wikipedia.org/wiki/U.S._Prime_Rate

    The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

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