Add to Technorati Favorites Roof Magazine: What Today's Fed Rate Cut Means

Tuesday, March 18, 2008

What Today's Fed Rate Cut Means

For fixed-rate mortgages: Nothing.
For your HELOC: A nice drop in your minimum payment. See here.

Seventy-five basis points isn't what Wall Street wanted so don't expect your 401K accounts to stop bleeding anytime soon either.

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