The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.

The Federal Reserve cut interest rates on Thursday for the second time in three months, likely setting the stage for a drop in borrowing costs.

The second interest rate cut in a row will affect consumer borrowing costs. Here's what it means for your credit card, mortgage rate, car loan and savings.

"HELOC rates are typically tied to prime, so they are impacted when the Fed lowers or raises the federal funds rate. I believe these rates will remain flat, but if the Fed lowers the rate in November, you may see a small drop in HELOC rates—not much to get excited about, but every little bit helps," Whitehead says.

The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.

The Federal Reserve’s Open Market Committee (FOMC) did the expected, cutting the federal funds rate by  0.25%. That means the rate paid by banks will fluct

HELOC interest rates have dropped by a significant margin since January. Here's what borrowers should know now.

The Federal Reserve’s rate cut affects HELOCs and home equity loans differently. Existing HELOC borrowers can expect their rates to decrease in response to the Fed’s rate cut, but it may take 1-2 statement cycles.