Not all types of interest
rates move in lockstep with the Federal Reserve
Board, which influences short-term rates by changing
the federal funds rate. Mortgage rates, which
are long-term debt, are more aligned to moves
in the long-term bond market and are less affected
by changes in Fed policy. Other products, such
as credit cards, have built-in delays before they
reflect Fed actions.
Key interest rates,
Jan. 1, 2001 - June 23, 2008
Note: In late 2006, Bankrate changed which credit cards were included in this chart. It now uses an average of all fixed-rate cards.
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Fed announcement: June 24, 2009
