interest rates

INTEREST RATE RISES

 

East County News Service

March 20, 2017 (Washington D.C.) -- The Federal Reserve has raised interest rates by as quarter of a point, the second increase in three months. But rates are still at a historic low range of 0.75 to 1 percent.

The hike means consumers will pay more for credit cards and home equity lines of credit and adjustable rate mortgages, but fixed rate mortgages and car loans are not expected to be affected since the anticipated change has already been calculated into those. People will also earn slightly more on savings accounts.

HOMEOWNER'S GURU: IS IT A GOOD TIME TO BUY OR SELL A HOME?

 

 

By E.V. Small

February 5, 2013 (San Diego County)--For the past two years this question was extremely easy to answer. The combination of historically low interest rates and abundant inventory due to the record number of foreclosures has resulted in the lowest housing cost in decades.