What Do Recent Interest Rate Drops Mean For You?

Interest rates have been dropping lately thanks to moves by Fed chairman Ben Bernanke, but what do the lower interest rates mean for you?

• Lower mortgage rates: At 5.67% in February (plus an average 0.4 percentage point), the average rate for a 30-year fixed-rate mortgage was near a four-year low.
• Credit card rates: Variable interest rate cards will show a drop in their rates, but it may take a few months to show up. Don’t hesitate to call your card company and ask them to speed things up on the lower rate.
• Car loans: Some buyers with good credit will see some trickle down effects of lower rates.

To read more about the interest rate drops, click here.

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Cash in on Lower Interest Rates

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