Q&A: how lond does it take for cut interest rates to trickle down to a bank?

Question by billy fiscato: how lond does it take for reduce fascination rates to trickle down to a bank?
yesterday the interest fee was cut by three quarters of a %?
about when will wells fargo present that price reduce to refinance? & about what need to refinance rates be at when it transpires?

Greatest reply:

Solution by WBinsider
It has no “direct effect” for who ever has taken mortgage from the Financial institution/s.
It may possibly at some point aid the Banks to tide over their fund difficulty, if any. Mind, they are to refund the cash to the central banker with fascination.
As you know, it is in the end “we” and “our economic system” pay for the crisis.

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