Feds Cut another 3/4 point (interest rate, credit, mortgage rates, rate)

[SCGranny]

Breaking News from Atlanta Journal/Constitution
The Federal Reserve today cut a key interest rate (Fed Funds) by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.

[TimtheGuy]

...and I just got a re-price worse on the mortgage rates.

[renriq02]

I had at least 2 rate changes with most lenders.
Maybe 1-2 that left their rates the same

[gregandvicky]

It is important to understand that the statements made by the Fed are for the consumption of main street and the rate cuts are for Wall Street.