Feds move "Discount Rate"

Jumbo rates have dropped another .25%!  So a 30 year fixed loan up to $2,000,000 could be as low 5.375% @ 1 point or 5.625% @ 0 points.  Haven't seen rates like this in a long, long time.
 
The last time the FED moved on rates was back in December 2008.  Yesterday, late afternoon the FED decided to increase the "discount rate" 0.25% to 0.75%.  Not to get too alarmed since it did not affect the "prime rate" which is what HELOC's (home equity line of credit) and credit card rates are tied to.  What is the discount rate?  It's the rate of interest set by the Federal Reserve that member banks are charged when they borrower through the Federal Reserve System for emergency loans.