What the Historic Fed Move Means for Borrowers
November 30, 2009 by Rob Spring · Leave a Comment
Historic Fed Move – Cuts Go Both Ways for Borrowers
Who benefits from this cut?
If you have a loan that is directly tied to the Prime Rate, you will see an immediate benefit. Home equity lines of credit (HELOCs) and variable rate charge cards are the types of loans that will have an interest rate reduction [...]