How the Fed interest rate cut affects you
If you haven't already read Eileen's very helpful story on how the Fed's three-quarters of a percentage point cut affects you, check it out here.
If you're too lazy to read it, I'll sum up for you.
Credit Cards: Don't count on seeing a lower interest rate.
Home Equity Lines: Expect to see a decrease as early as next month.
Mortgages: No change for fixed-rate mortgages, but maybe for adjustable rate mortgages.
Auto Loans: Fuhgeddaboudit.
Certificates of Deposit: Lock in those CD rates now. There's no benefit to waiting.
You want more details? Read the story!
A native of Vietnam, 