Now that the Fed has cut interest rates twice (75 points), can we expect the prime rate to be reduced?
I am asking since my HELOC hinges on a WSJ budding rate. As rates rose somewhat in a past integrate years, a budding rose as well.
By: CMW720
By: CMW720
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If your HELOC is tied to prime you should see a decrease within the next payment cycle. The Fed cut was prime rate cut.
i think FED cut only 50bps.
prime rate track FED rate.
wsj rate has gone down from 8.25 to 7.75
it’s up to your lender.
my heloc hasnt dropped yet….but you should see a .5% cut IF THE lender decides to cut it.
hopefully the FED will cut the ‘fed funds rate’ again…..
discount rate doesnt affect the WSJ.
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