Summary of Here are the credit products already cheaper after the Fed's rate cut

Summary of Here are the credit products already cheaper after the Fed's rate cut

quoting nevent1q…03jz

Here are the credit products already cheaper after the Fed's rate cut


Lenders are already lowering rates on some products, providing savings to borrowers. Here's what to know.

https://www.cbsnews.com/news/federal-reserve-rate-cut-credit-cards-mortgages-already-lowering-rates/

The Federal Reserve made a jumbo rate cut on Wednesday, easing up on its economic brakes. The decision has already led to lower rates on some lending products, potentially providing financial relief to millions of Americans. The Fed's rate reduction could help people in the market for a home or automobile purchase by making it more affordable to take out a mortgage or car loan.