So the Fed just announced they are not changing the Fed funds rate for any time in the foreseeable future. What does this mean? It means that the cost businesses pay to borrow money will remain low. Also, any rate tied to Prime (credit cards, HELOC's....) will also remain low for quite some time. This will allow you to pay down your Home Equity Line balances while the rates are down, as they have been. If you are like me and have a Home Equity Loan it is nice to pay those down quickly.