I’m curious to see if these actions affect rates on car loans. My car is running fine, but it’s 15 yr old and has 140,000 miles on it. I wouldn’t mind at a all getting a final new car.
Home loan mortgages also. I am curious to see what this does to rates. Demand for homes is influenced by many things so how this affects the housing market I have not tried to think thru.
I’ve tried refinancing my house but refi rates aren’t dropping bc there is so much demand and so therefore banks are keeping those rates steady around 3.75%. They say its bc their staff can’t keep up with demand, i think they are milking consumer. If rates went down where they should be, its more money for us to help economy
These rates should affect all loans for cars, homes, RV’s it might even bring CC rates down a notch!! I would expect CC companies to start offering 0% interest rates for certain periods of time with great credit scores!! I used to transfer debt from one card to another with offers like this!,,
Most manufacturers offer zero interest loans. In the coming days and weeks you can bet ALL will.