Comments on: What exactly does this rate cut mean? Does it lower mortgage rates? Bank rates? http://planning-financial.com/what-exactly-does-this-rate-cut-mean-does-it-lower-mortgage-rates-bank-rates/ We offer the most comprehensive information on financial planning to help for your financial planners. Check our selected financial planning guides and financial future reviews at our site. Sun, 14 Mar 2010 20:39:03 -0500 http://wordpress.org/?v=2.8 hourly 1 By: me http://planning-financial.com/what-exactly-does-this-rate-cut-mean-does-it-lower-mortgage-rates-bank-rates/comment-page-1/#comment-2187 me Sat, 06 Jun 2009 06:27:05 +0000 http://planning-financial.com/what-exactly-does-this-rate-cut-mean-does-it-lower-mortgage-rates-bank-rates/#comment-2187 Savings and CDs will drop downward, maybe as early as tomorrow, or be lagged through the first week of November. Mortgage rates probably won't be affected much. The rate is lowered for banks to loan each other money, and for banks to borrow from the Fed itself.

Savings and CDs will drop downward, maybe as early as tomorrow, or be lagged through the first week of November.

Mortgage rates probably won’t be affected much.

The rate is lowered for banks to loan each other money, and for banks to borrow from the Fed itself.

]]>