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Archive Home > 2008 > December > 17 > Rate cut won’t affect most consumer credit

Rate cut won’t affect most consumer credit

By Eileen Ambrose / The Bulletin
December 17, 2008

Federal Reserve policymakers dropped a key interest rate to the lowest level in history Tuesday, but many consumers might well ask: What rate cut?

The Fed action could help those with home equity lines of credit and, indirectly, give relief to homeowners whose adjustable-rate mortgages are....

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