Fed Rates News Alert

                                                                Also See History of Fed Rate Cuts  

Fact is a rate cut at the right time can provide a boost of confidence as consumers take advantage of more attractive fixed financing rates and seek ways to save money over the long term by refinancing home loans, car and student loans as well as consolidating credit card debt. The money saved will inevitably lead to increased spending as the Fall holiday shopping season gets underway. 

Just talk of another rate cut from the U.S. Federal Reserve helped stocks rally recently.  Likely. How will Fed cuts impact your money, credit card rates, mortgage, etc.? What rate lock-in moves should you make now? What should consumers shopping for low rates do?  Is now a good time to financing a new home or refinance a home loan?

If you have an adjustable rate loan or credit card anticipate a drop in rates in the weeks following a rate cut. Fixed rates are not affected. However if you opt for a 15 or 30 year fixed rate loan program you're still in for savings of up to thousands of dollars over a rate that's just .50% higher. Considering that today's rates are at extremely historic lows, a less risky approach to getting a good deal on a rate is to apply for rate quotes at lending marketplaces now.