08-13-2009, 04:56 PM
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#1 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7  |
If you need a loan, get it now
rates are likely to skyrocket next year...
CNBC Stock Blog ? Fed to Hike Interest Rates to 7%: Strategist ? CNBC.com Market News - CNBC Stock Blog - CNBC.com 7% fed rate will mean 10% on mortgages, 12-14 on cars, 25-30 on credit cards!!!!
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Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker. |
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08-14-2009, 04:42 AM
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#2 |
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Super Moderator
Join Date: Aug 2006
Location: West Coast
Posts: 773
Rep Power: 7 |
i'm glad i hate credit. i don't even want to buy a house. probably ever. it's just a poor investment. i doubt we will see 7% though. 5% in 2011 is a little more reasonable. great rates for cd investors though if it does go that high.
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This post does not express the opinions of the website, it's members, or its owner. Always invest with caution and do proper research. If you have questions, consult a paid, investment professional. |
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08-14-2009, 12:03 PM
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#3 |
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Savings Advisor
Join Date: Aug 2006
Location: Central CT
Age: 32
Posts: 761
Rep Power: 7 |
yup. if you play it right, finance everything you need now at dirt fixed rates... and then put extr ainto savings when banks/cds go back to more than 2%
__________________
Any thoughts or opinions are that of my own. Research your buys and sales on your own. I am not a stock broker. |
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