How A Fed Rate Hike Impacts You

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If you're concerned about what an additional increase in the Fed's benchmark rate will mean for your mortgage, credit card, student debt, home equity loan or car payment, here's a breakdown of what's in store — and what you should do about it now.

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Комментарии
Автор

How a Fed rate hike affects us:
0:16 Credit card bills (fees/monthly payments will be higher)
0:49 Mortgage/house payments (monthly dues may go up. Or, if you become a new homeowner during these high interest rate times, mortgage will be higher)
1:25 Auto loans/purchases (slightly higher costs for a car)
2:01 Student loans (higher fees/interest)

Discovery_and_Change
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Why is everybody so happy in this video?

noneyanoneya
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consider a pre owned car because of a $3 increase in monthly payment, really?

realgood
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Impacts your savings rates in a positive way.

paulbrokenburr
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PEACE, PROSPERITY, BONANZA, HONESTY, FREE THINKING, HAPPINESS, OPTIMISM

sanbruno
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Avoid debt.. sock away cash since everything will crash at the same time in 2020.

luckyisme
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Shop around for a better rate or transfer the balance? How about PAY the balance? Or if your card issuer bumps the rate up, call them and threaten to close the account. People are not powerless over their credit cards, but they sure act like it!

drewconway
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Sounds like “how a fed rate hiking f***s you”

fixbridge
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How cute!
We're all gonna starve

seanpinkey
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PEACE, PROSPERITY, BONANZA, HONESTY, FREE THINKING, HAPPINESS, OPTIMISM

sanbruno