Here's how the Federal Reserve will impact mortgage rates, credit cards, car loans, and market stability.

The Federal Reserve held interest rates steady Wednesday for the fifth meeting in a row as two Fed governors dissented, underscoring the division within the central bank over the potential impact of President Trump's tariffs.

Existing HELOC borrowers can expect their rates to decrease in response to a Fed rate cut, but it could take one or two statement cycles. A Fed rate cut won’t directly impact existing fixed-rate home equity loans,