Boulder Realtor Finds That Interest Rates Defy Fed Cuts

Playing the Rate-Cut Game With Your Boulder Realtor

The Fed has cut short-term rates since September, but some consumer products have been affected more than others. Here’s how to take advantage of the discrepancies:

Savings Accounts, CDs and Money-Market Accounts

Rates on these savings products don’t fully reflect the Fed cuts, and banks continue to offer favorable yields. Consider longer-term CDs to lock in juicy yields if you think rates might continue to decline in the coming months.

Home-Equity Lines of Credit

Rates on these credit lines have fallen faster than rates on home-equity loans for new borrowers. Consider tapping a credit line, which lets you borrow money when you need it.

Credit Cards

Interest costs on variable-rate credit cards have declined in liine with the Fed cuts. Pay off balances on cards with the highest interest rates first.

Keep in mind that I’m not a financial advisor, I’m not a CPA nor an attorney. It’s always a great idea to consult with one of these professionals when you are making financial, tax or legal decisions.


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