I've been meaning to point this out for a while:

Bad Banks.

Just because the fed is lowering prime doesn't automatically mean that banks are going to lower their rates on loan products as well.

In fact, banks are keeping their rates at a steady seven to eight percent on almost all consumer loan products unless you are a premier customer with stellar credit. The rest of us get screwed, and are paying for what the banks are calling "losses" - their greed in taking on customers that they knew were marginal and subprime....so...get used to being screwed. Banks have figured out how to party like the government now.