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Everyone was expecting an interest rate increase… but it didn’t happen.
Now what?
For Banks:
They can’t raise the rates on those variable rate mortgages and other loans
For consumers:
You continue to get low interest rates
Considering that consumers are saving more and have more in the bank (or credit unions) than ever before. Why save?
More at: http://www.wholeheartedway.com/cash-credit/interest-rate
Everyone was expecting an interest rate increase… but it didn’t happen.
Now what?
For Banks:
They can’t raise the rates on those variable rate mortgages and other loans
For consumers:
You continue to get low interest rates
Considering that consumers are saving more and have more in the bank (or credit unions) than ever before. Why save?
More at: http://www.wholeheartedway.com/cash-credit/interest-rate
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