First off, it’s quite astonishing on this news alert that we should be aware of, given the fact that the Federal Reserve hasn’t upped the interest rate in nine straight years…. Until now. And to make it even more interesting, the Federal Reserve plans on increasing that rate four more times in the future. What does that mean?
We’ll Tell You What the Fed Interest Rate Hike Means to You: 3 Things
Understand that the fed interest rate hike will be no more than .25%. That’s minuscule. But when you add it all together, you just might see a slight difference in three things you covet and value the most. Here they are:
- Your Home Mortgage — This is a big deal, and if you’re perusing the HOPE Program Facebook page and Google+ page, you’ll see some stats here and there about the changing metrics in the real estate industry. Click here to find out more about your home mortgage, refinancing, and home loan approval.
- Your Credit Card — All the more reason to pay attention to credit repair, don’t you think? Consider this: that fed interest rate hike will affect how much interest you pay on your credit card. So it’s in your best ‘interest’ to act now with these tried-and-true credit repair secrets. Plus you’ll always be in the know right here and here on social media!
- Your Automobile — Yes, your car. Or truck. Or Tesla Motors vehicle. Or (dare we say it) your Volkswagen. It actually doesn’t matter what car you have! The point is you’re probably currently making payments on it. What you, and Auto Selection Services, can tell you is that everything from your credit, to your finances, to your general well-being will center around making those payments (and keeping your car), so keeping in mind the fact that the fed interest rate hike will most definitely affect your car loan payments is pretty smart. Learn more about auto loans, searches and warranties right here.
The Good News Is….
The economy’s obviously doing well (despite Donald Trump, perhaps). Petrol’s looking good (no one’s hurting in the pockets while filling up at the gas station), and the job market apparently is somewhat improving. Of course, the real estate market as a whole is looking so good that the Chinese are investing in droves. Everyone wants to be in the United States, apparently (especially ISIS).
But know this — better be prepared. Because if you’re not, surprises might show up at your door. Change always comes unexpected.