01-22-2008, 11:41 AM
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#1 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7  |
Fed cuts rate again
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01-27-2008, 11:00 PM
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#2 |
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broke n' stuff
Join Date: Jul 2007
Posts: 77
Rep Power: 5 |
So will my credit card rates go down? or will I pay the same giving them more profit?
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01-28-2008, 12:41 AM
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#3 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7 |
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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