It's the hot topic in the news the last couple of days. Will the Federal Reserve cut the Prime Rate again 1%? This will make the Prime Rate as low as it was in late 2004! That will lower the rate on commercial banks' prime rate on home equity lines of credit, credit cards and other loans, which are currently 6& down 5% with the corresponding rate cut. The rate is currenty 3% and the Feds might cut it down to 2%. If you are looking into a Home Equity Line of Credit or another loan and you aren't sure where to go, I can refer you to a few lenders I know. Keep your eye on the news tomorrow if your in the market for one or better yet, even if you're not. The Feds are trying to avoid a deeper Recession. Many people, including experts, have been saying we aren't in a recession. I welcome your comments on this. Do you think we are heading into a severe recession? Do you think the Rate cut will help consumers spending and confidence or make them more fearful of our economy's future? It can go either way. Luckily the Chicago area is holding it's own compared to some other parts of the country. After i decided to write this, I ran across an interesting article about it on Yahoo. I thought I would share it with you. Please feel free to post your opinion, I'd like to hear from you.