Shirley sees first interest rate hike.

Interest Rates See First Hike

Just how will the interest rate hike effect you, the first hike in roughly 10 years?

Mortgage Rates:
Mortgage rates tend to move in sync with the yield on the 10-year Treasury notes.  Since inflation remains on the low side, Treasury notes may be more of a safe investment.

Auto Loans:
Cost may rise, although auto loan rates typically follow the yield on the 2-year Treasury notes.

Short-Term Borrowing:
Rates for credit cards and HELOCs (Home Equity Lines of Credit) should be the rates that have the best chance of rising.  The amount of a rate hike for short term borrowing should reflect the Fed’s increase.

Savings Rates:
After years of near-zero yields on savings accounts, the Fed rate hike should be good news for those very conservative investors that determine the Bank is the safest investment for one’s $s, although the investment may not be beating inflation.  If the Bank is your choice for the investment vehicle, best to shop rates.

Cliff Daniels
Active Properties
Boulder Colorado
720 434 1418