Here's how much a $40,000 home equity loan costs monthly now that the Fed cut interest rates
A $40,000 home equity loan could be an affordable way to borrow now that the Federal Reserve is cutting rates again.
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Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Previously, he worked as a senior editor for FoxNews.com and FoxBusiness.com. A former sports reporter, Matt covered professional boxing in New York City for 18 years. He is the former Vice President and Secretary for the Boxing Writers Association of America (BWAA) and is an elector for the International Boxing Hall of Fame. He has a master's degree in journalism from Columbia University.
A $40,000 home equity loan could be an affordable way to borrow now that the Federal Reserve is cutting rates again.
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