|
| Thursday, April 20, 2006 |
| Rate Pause? |
Today's Christian Science Monitor has the story: Many benefit if Fed stops raising rates. With the Fed predicted to be taking a break from raising rates, that should cheer debtors and small business owners. While borrowers will feel the pinch of rising mortgage payments on those adjustable loans, it looks like many credit card borrowers will not really notice the rates. "Given the fact that I didn't really put two and two together to consider that the rates were rising too far out of control, I can't say that it's going to change my strategy much," he says. "The plan doesn't change: just do my best to lower my net interest rate." |
| posted by Boston Gal @ 11:18 AM *
* Subscribe to Boston Gal's Open Wallet |
Links to this post:
|
| 2 Comments: |
-
Wow, and I was upset that my HELOC's APR kept climbing up to what it is now 7.75%. I only have $1800 on that though. I am so glad they are stopping the rate hikes.
-
I wouldn't count on there being no more Fed rate hikes. There will likely be at least one more, and I'm willing to bet it'll become two.
Still, I think that's quite enough from Mr. Fed for a while.
|
| |
| << Home |
| |
|
|
|
|
Wow, and I was upset that my HELOC's APR kept climbing up to what it is now 7.75%. I only have $1800 on that though. I am so glad they are stopping the rate hikes.