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Cut your borrowing costs (Sun-Sentinel)
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The Federal Reserve has sent you a message: Get up and get going now, to cut your costs of borrowing. If you have a home equity line of credit, for example, that rate should be lower today because the Fed cut rates recently by a quarter point. |
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visit www.thedastonfinancial.com to get the best promotional rates the institutions are offering. i.e. mortgage rates, credit card rates, GIC's insurance premiums, taxes and much more. Subscribe for free monthly e-news letter! |
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Finally, there are many people who have large balances on their home equity lines of credit at interest rates that are tied to Prime. These lines of credit generally have rates ranging from 6.75-9.5%. ... |
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The rate cut was the second in eight days. Since September 2007, the Fed has reduced the rate 2.25 points, from a previous rate of 5.25 percent. The Fed stressed the banking mortgage crisis in its statement Wednesday, but also mentioned ... |
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Dear Dr. Don, I live in western New York and have a variable-rate home equity line of credit. The index rate is the prime rate as published in the Wall Street Journal on the first day of publication after the 10th of each month. |
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Compare rates on second mortgages, home equity loans, and line of credit rates with Bankrate's free rate listings. |
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