How Fed Rates Influence Mortgages, Credit Cards and MoreHigher rates benefit those who can save, but for borrowers falling rates would reduce bills on credit cards, home equity loans and other forms of debt.
Source: How Fed Rates Influence Mortgages, Credit Cards and More (https://www.nytimes.com/2024/06/12/business/fed-rates-mortgages-credit-cards-student-loans.html)