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What I haven't been able to find out is how an interest rate hike by the Feds will change consumer borrowing (mortgages, cars, etc.). If the rate is going from
by hofmann 11y ago
What I haven't been able to find out is how an interest rate hike by the Feds will change consumer borrowing (mortgages, cars, etc.).
If the rate is going from 0% to 0.25% for the Fed loans, does that mean consumers will not see a rate hike, a rate hike of 0.3%, or multiples of that?
- disgruntledphd2 11y agoAs the article says, most American mortgages are on fixed rates. You may see an increase in rates for non-mortgage borrowing.