Are you wondering how the Feds interest rate cut will help you get out of debt, check out the articles below to gain some insight.

Rate cut and your credit card
AZCentral.com - NEW YORK - Credit card debt will soon get a bit easier to handle - a very little bit - now that the Federal Reserve has lowered the benchmark interest rate by a half-percentage-point. It’s not going to save the average card holder much money

Here is the latest financial news for your consumption…

American Reporter - DUMMERSTON, Vt. — In his new book, “The Age of Turbulence,” former Federal Reserve chairman Alan Greenspan departed from the Bush Administration’s script and wrote that “the Iraq war is largely about oil.” Of course, Greenspan immediately had to

Housing Mess: Congress to the Rescue?
Wall Street Journal - Congress is tackling a thorny question in the wake of this summer’s subprime woes: How can the government curb mortgage-lending abuses without impeding the housing market? The Federal Reserve underscored the impact of the crisis on the wider economy

It’s always a good idea to keep on top of the financial news of the day. Even if you are sinking in debt, watch rates and maybe a refinance will help you get a fresh start.

SEC eyeing risks to brokers from conduits
Reuters - Commercial and investment banks globally have packaged billions of dollars of debt into vehicles that sell short-term bonds to investors. But if investors stop buying the short-term debt, banks may have to step in to essentially buy back assets from

House prices and the great affordability gap
Times Online - People buying their first home in the South now borrow an average of 128,370 31 per cent more than the 89,189 that first-time buyers in the North borrow. The gap between pay and house prices has grown most in West Sussex, where prices have

Property Buying Costs Hit New High
Ananova - Property Buying Costs Hit New High A first-time buyer couple with total take-home pay of 25,899, would now have to save up the equivalent of 90% of their

Is the current crisis on Wall Street and in American homes an over reaction? A few sub-prime mortgages are going under, and we are to believe the fed should step in and drop rates? I don’t know how bad it really is, but judging from the way the news reports it, we should just all did a hole and live underground for a few years until it blows over ! Here are a few background stories to keep you busy reading.

Fed urged to cut rates or face recession
Belfast Telegraph - The Federal Reserve heard a plea for a full percentage point cut in US interest rates in order to forestall a recession, as central bankers debated the fall-out from the housing market slowdown. The US central bank’s annual symposium in the quiet

Fed reacts to mortgage crisis with rate cut
Worldnews.com - The Federal Reserve lowered the interest rate it charges banks and acknowledged for the first time Friday that an extraordinary policy shift is needed to contain the subprime-mortgage collapse that began roiling the world’s financial markets two