How Interest Rates Affect
You
As a general rule, lower interest rates are best for the
economy. When people can afford to borrow money because they
don't have to pay a high interest rate, they tend to do just
that.
You've got to spend money to make money.
Spending money helps the economy grow. A few of the financial
transactions that benefit from a low-interest rate environment
include:
- Mortgage loans
- Home equity loans and lines of credit
- Credit card purchases
- Car loans
- Stock market investments
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