But while savings rates are on a downward spiral, loan rates are a mixed bag. The rate cuts haven't added up to much in savings for mortgage borrowers so far this year. But mortgages are run by the bond market. Some experts say mortgage rates won't come down much more because the bond market already has factored in the Fed's rate cut. But home buyers shouldn't be too upset.
Mortgages are at historically low rates.
Home-equity loans are more directly influenced by the Fed's actions. Most variable-rate credit cards are linked to the prime rate, so they should go down accordingly. Some issuers adjust rates on a monthly basis, while others do so quarterly. Gannett Co. Inc. Shop.