The Federal Reserve cut the key interest rate by a quarter point. This marks the 7th cut this year by the central bank. The question of course is what does this mean for you?
Credit Cards: Now is a good time to ask your credit card company for lower rates or simply shop for better ones.
Auto Loans: The loans have certainly been coming down lately but beware of extending that loan to far lest you pay out oodles of interest.
Student Loans: If you have a variable rate on your student loan, you might see a drop in your interest rate. Take advantage of this opportunity.
Refinancing: With the Avg 30 yr fixed rate mortgage at 6 % now would be an opportune time to lock it in.
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