Reported 21 days ago
As the Federal Reserve plans its first interest rate cut in four years, LendingTree's Matt Schulz discusses the potential effects on credit cards and auto loans. He emphasizes that while the initial impact may be minimal, consumers can negotiate lower credit card rates, often achieving reductions of about 6 percentage points. Schulz advises shopping for auto loans outside dealerships for better rates and reminds consumers of the benefits of high-yield savings accounts amid ongoing high interest rates.
Source: YAHOO