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Dr. Jeff | 1 months ago (raw) | export | reply | flag +25 
 Prime rate is derived from the federal funds rate, which was lowered today from 5.25-5.5% to 4.75-5.0%.

HELOCs and other short term lending rates are based, in part, off of the prime rate.

Hopefully, many Americans who are getting beaten down by such high interest rates will feel some relief in the coming months... in the form of lower interest rate payments.
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albertahodl | 1 months ago (raw) | root | parent | reply | flag 
 And probably pay dearly in a year or two via ‘transitory’ inflation ? 🫣
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Lighthouse | 1 months ago (raw) | root | parent | reply | flag 
 Fixed mortgage at 6% 😭
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will | 1 months ago (raw) | root | parent | reply | flag 
 Personally, I will utilize an expansion in my HELOC to buy more #bitcoin

Easy money converted to hard money

Easy choice!
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Schicer | 1 months ago (raw) | root | parent | reply | flag 
 When’s your next interview Doc?