The Fed made its big cut on Wednesday. These products are already offering lower rates.

The Federal Reserve made a jumbo rate cut on Wednesday, as the central bank said it now wants to ease up on its economic brakes. That decision is already trickling down into lower rates on some lending products, potentially providing financial relief to millions of Americans. 

As of Monday, American Express and US Bank have lowered the offered APRs on several credit cards on their websites by 0.50 percentage points, or the same amount as the Fed's rate cut last week, according to LendingTree credit analyst Matt Schulz. 

Mortgage rates also dropped last week, decreasing to their lowest point since February 2023, according to Freddie Mac.