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Thursday, September 20, 2007 9:55 AM

The Fed Drops Interest Rates… How Does That Affect You?

The Federal Reserve dropped a key interest rate on Tuesday by ½ percent from 5.25% to 4.75%, which is the rate that banks use to determine the prime rate. This is used by many banks to determine auto loan rates, credit card rates and home equity
Posted by Charlene Fairman, Ashley Fry, David Fairman, and K | 0 Comments