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2. What is a debt consolidation loan — and how can it help you ...

   www.aol.com/finance/what-is-a-debt-consolidation...

   And while the average personal loan rate was around 12% in May 2024, borrowing rates are likely to come down in the wake of the Federal Reserve’s September cut to interest rates.

3. Here are the credit products already cheaper after the Fed's ...

   www.aol.com/credit-products-already-cheaper-feds...

   The Fed's rate reduction, its first since March 2020, could help people in the market for a home or automobile purchase by making it more affordable to take out a mortgage or car loan.

4. How to prepare your finances for lower interest rates (and 4 ...

   www.aol.com/finance/financial-steps-fed-rate-cut...

   Lower interest rates decrease costs for borrowers, making it more affordable for you to take out a car or a home loan. ... This includes my five-year car loan, which currently sets at a balance of ...

5. How the Fed's rate cut will impact auto loans

   www.aol.com/finance/feds-rate-cut-impact-auto...

   Since 2022, the higher rates have pushed the average new vehicle loan payment up $108 a month to $967, a 12.5% increase, the analysts found. The analysts estimate that for every 100bps rate cut ...

6. Fed lowers interest rates with surprising jumbo half-point cut

   www.aol.com/finance/fed-lowers-interest-rates...

   Homeowners and homebuyers. Last fall, mortgage rates were topping 8 percent, according to Bankrate data. Today, they’re hovering around 6.2 percent — a two-year low and a rapid drop as lenders ...

7. The Federal Reserve is finally lowering rates. Here's what ...

   www.aol.com/federal-finally-lowering-rates-heres...

   The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.