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  2. The Fed just cut interest rates. Time to tap your home equity?

    www.aol.com/finance/fed-just-cut-interest-rates...

    Savings interest rates today: Highest yields at 5.50% APY as Fed set to announce rate cuts — Sept. 18, 2024 AOL Today’s Fed rate cut: 5 ways lower rates will affect your wallet

  3. The Fed rate cut: 5 ways lower rates will affect your wallet

    www.aol.com/finance/what-does-fed-rate-cut-mean...

    Card issuers tie their APR rates to the prime lending rate, which typically sits at about 3.00% higher than the Fed funds rate. For instance, the prime rate rose to 8.50% in July 2023 just as the ...

  4. U.S. prime rate - Wikipedia

    en.wikipedia.org/wiki/U.S._Prime_Rate

    The U.S. prime rate is in principle the interest rate at which a supermajority (3/4ths) of large banks loan money to their most creditworthy corporate clients. [1] As such, it serves as the de facto floor for private-sector lending, and is the baseline from which common "consumer" interest rates are set (e.g. credit card rates).

  5. Mortgage rates for September 19, 2024 - AOL

    www.aol.com/finance/daily-mortgage-rates-for...

    See today's average mortgage rates for a 30-year ... The current average rate for a 30-year fixed mortgage is 6.17% for purchase and 6.18% for refinance — falling 10 basis points from 6.27% for ...

  6. Prime rate - Wikipedia

    en.wikipedia.org/wiki/Prime_rate

    Prime rates in the US, FRG and the European Union. A prime rate or prime lending rate is an interest rate used by banks, usually the interest rate at which banks lend to customers with good credit. Some variable interest rates may be expressed as a percentage above or below prime rate. [1]: 8

  7. Federal funds rate - Wikipedia

    en.wikipedia.org/wiki/Federal_funds_rate

    Federal funds rate vs unemployment rate. In the United States, the federal funds rate is the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight on an uncollateralized basis. Reserve balances are amounts held at the Federal Reserve.

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