What the Fed's Interest Rate Cut Means for Consumers

Yesterday the Federal Reserve enacted an emergency interest rate cut of 50 basis points. This is only the second time this year that a rate cut has been enacted outside the Federal Reserve's regularly scheduled meeting process. While interest rate cuts have sometimes been followed by reductions in the interest rate of mortgages, that is not always the case these days.


Below are links to some articles that discuss what the interest rate cut means:


http://www.marketwatch.com/news/story/feds-coordinated-emergency-rate-cut/story.aspx?guid=%7B57A84175-07F0-48BE-8046-B69976538DA7%7D&dist=hppr


http://www.financephysician.com/2007/11/05/how-does-the-fed-rate-cut-affect-you/


http://www.denverpost.com/headlines/ci_10672512


http://courierpostonline.com/article/20081009/NEWS01/810090411/1006