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briansol · 01-22-2008, 04:41 PM

now, down to 3.5%

Fed slashes rates - Jan. 22, 2008

James · 01-28-2008, 04:00 AM

So will my credit card rates go down? or will I pay the same giving them more profit?

briansol · 01-28-2008, 05:41 AM

depends... generally, credit cards are un-effected by this because they are already WAY over inflated above the fed rate. it generally drives more larger loans like mortgages, business loans, etc. It's a good time to re-finance in february

i'm thinking about it. trying to find a place with 0 closing costs though

01-22-2008, 04:41 PM	#1
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 30 Posts: 738 Rep Power: 10	Fed cuts rate again now, down to 3.5% Fed slashes rates - Jan. 22, 2008

01-28-2008, 04:00 AM	#2
James broke n' stuff Join Date: Jul 2007 Posts: 58 Rep Power: 4	So will my credit card rates go down? or will I pay the same giving them more profit?

01-28-2008, 05:41 AM	#3
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 30 Posts: 738 Rep Power: 10	depends... generally, credit cards are un-effected by this because they are already WAY over inflated above the fed rate. it generally drives more larger loans like mortgages, business loans, etc. It's a good time to re-finance in february i'm thinking about it. trying to find a place with 0 closing costs though

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