Why the Federal Reserve Rate Cut Isn’t Lowering Your Loan Rates
Tippett’s Snippet:
A good article. The reason Fed cuts (including this past Wednesday) have impacted interest rates linked to Credit Cards, Auto Financing, Home Equity Lines of Credit, Business Lines of Credit, and the rates to which Banks lend to one another. Mortgage rates have been relatively unphased.
Click here for full original article, October 30, 2024 on Inc.com