Fed Rate Cut

6 things to know about the Fed rate cut
The Federal Reserve this week reduced the federal funds rate to a range of zero to 0.25 percent.
The rate cut likely will not impact 30-year, fixed-rate mortgages. The real impact will be on
consumer loans tied to the prime rate, such as home-equity lines of credit and credit cards with
variable interest rates. Borrowers with loans tied to the prime rate may see an interest rate
decrease.
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