Not all loan rates have

[(former)FormerSanDiegan]

Not all loan rates have tracked the Fed cuts. Here’s what to expect:

— Borrowers with ARMs tied to Libor aren’t seeing much relief.

This is simply Not true.

The 1-year LIBOR stood at 5.425% in July 2007.
It is currently at 4.46%.
reference
http://www.moneycafe.com/library/libor.htm

That’s almost a full point in relief for ARMS tied to 12-month LIBOR.