Real Estate

Federal Reserve may not hike interest rates. What that means for you


Credit card rates top 20%

Most credit cards come with a variable rate, which has a direct connection to the Fed’s benchmark rate.

After the previous rate hikes, the average credit card rate is now more than 20% — an all-time high. Further, with most people feeling strained by higher prices, balances are higher and more cardholders are carrying debt from month to month.

Even without a rate hike, APRs may continue to rise, according to according to Matt Schulz, chief credit analyst at LendingTree. “The truth is that today’s credit card rates are the highest they’ve been in decades, and they’re almost certainly going to keep creeping higher in the next few months.”

Mortgage rates are at…


0 0 votes
Article Rating

ECB holds interest rates steady after 10 consecutive hikes

Previous article

revenue barely grew despite growing phone, car sales

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Real Estate