The Federal Reserve interest rate hike will affect consumer borrowing costs: Credit cards, adjustable-rate mortgages, home equity lines most affected.
Similar Stories to How Federal Reserve Rate Hike Will Affect Mortgages, Auto Loans, Credit Cards on Bing News
USA TODAY, The News-Press
Wed, 03/21/2018 - 1:40pm
Sections: u.s.
Topics: Florida Lee County Fort Myers
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BING NEWS:
- Americans can’t keep up with their credit card bills right now
U.S. household debt hit a new record in the first quarter of 2024, rising $184 billion to $17.69 trillion. And close to 1 in 10 credit card balances and 1 in 12 auto loans became delinquent, according ...
05/15/2024 - 9:06 am | View Link - Mortgage prisoners: regulatory changes and low credit scores have left thousands trapped in a cycle of high payments
Usually, when that mortgage deal ends, the borrower will move to another deal from the same or a different lender. But not everyone can do this. Changes in regulatory measures after the 2008 financial ...
05/14/2024 - 5:24 am | View Link - Fed's Powell downplays potential for a rate hike despite higher price pressures
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increas ...
05/14/2024 - 5:14 am | View Link - Federal Reserve
A week that is light on economic data will feature a host of speeches from Federal Reserve officials. Rising federal budget deficits and national debt could eat into investors' returns.
05/13/2024 - 1:00 pm | View Link - Should you refinance your ARM into a fixed-rate mortgage?
An adjustable-rate mortgage (ARM) has a fixed interest rate for the first few years of the loan and then adjusts according to the market’s prevailing rate. Learn when it’s a good idea to refinance ...
05/13/2024 - 12:20 pm | View Link - More
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