What Do Interest Rate Cuts Mean for You?

By: Jessica Zartler Email
By: Jessica Zartler Email

Earlier this week the Federal Reserve slashed a key interest rate by three-quarters of a percent. But what does that mean for you?

Financial experts say that savings may not be passed on to you in mortgage or credit card rate cuts but you may see better deals on car loans.

Experts say if you do see better deals on loans or lines of credit it could take a while.

But they say it's never a wrong time to shop interest rates or talk to your bank about getting a better deal.


KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 14165372 - nbc11news.com/a?a=14165372
Gray Television, Inc.