Sep 21, 2020
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Interest Rate Changes are Affecting All Types of Lending
Just as with every Presidential transition, interest rate adjustments are up in the air. One thing is certain; they will change. When they do, those rate hikes will affect everything from home equity loans to automobile lending to credit cards. Fed Chair Janet Yellen recently announced that there will likely be three quarter point rate hikes for 2017. However, since most of President Donald Trump's business tax cuts will be pushed into 2018, it is likely that only two rate hikes will happen. The economy might not be strong enough to support a third hike until the following year.
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Interest Rate Changes Affecting All Types of #Lending #credituniontips #creditcards #cumortgages