http://www.creditaddict.com/archives/why-do-rate-cuts-rate-increases/ feeding your credit card addiction... Tue, 16 Mar 2010 05:25:05 -0400 http://wordpress.org/?v=abc hourly 1 http://www.creditaddict.com/archives/why-do-rate-cuts-rate-increases/comment-page-1/#comment-558 willyj Sat, 26 Apr 2008 14:29:31 +0000 http://www.creditaddict.com/archives/why-do-rate-cuts-rate-increases/#comment-558 This is true for all types of loans... including auto loans, student loans, and mortgages... given the "credit crisis" there is less money floating around, IE less to loan, but demand has stayed stagnant... so rates are going up on top of big banks trying to get better returns... a double doozie for the long run.... top that with the low fed funds rate allowing the current cash to circulate very quickly...lock in your 0% rates and fixed rate mortgages now.... inflation is coming quick! This is true for all types of loans… including auto loans, student loans, and mortgages… given the “credit crisis” there is less money floating around, IE less to loan, but demand has stayed stagnant… so rates are going up on top of big banks trying to get better returns… a double doozie for the long run…. top that with the low fed funds rate allowing the current cash to circulate very quickly…lock in your 0% rates and fixed rate mortgages now…. inflation is coming quick!

]]> http://www.creditaddict.com/archives/why-do-rate-cuts-rate-increases/comment-page-1/#comment-514 PlasticRewards Thu, 24 Apr 2008 01:07:30 +0000 http://www.creditaddict.com/archives/why-do-rate-cuts-rate-increases/#comment-514 Many are also speculating that credit cards will be the next subprime mortgage mess. Credit card defaults seem to be a rising trend recently and banks are taking preemptive action. Make your card's interest not matter by paying off your balance each month if possible. Many are also speculating that credit cards will be the next subprime mortgage mess. Credit card defaults seem to be a rising trend recently and banks are taking preemptive action. Make your card’s interest not matter by paying off your balance each month if possible.

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