The Federal Reserve cut rates last week for the fifth time since January, but if you're looking for lower borrowing costs, you'll need a little help and some good timing. When the Fed cuts the target rate that it sets for banks to borrow money overnight, the primary beneficiaries are banks, not consumers. It's up to lenders to decide when and how they'll pass on the bounty. In some cases, it can take months—that's if they do it at all.
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