Lower interest rates equal higher affordability, plain and simple. Experts predict a raise in rates by mid-2015, the 1st increase by the Federal Reserve since 2006.
Rates have been historically low for almost a decade, though I urge people not to take them for granted per below...
While home loans are predicted to remain below a super healthy 5%, this could drastically affect those who soon plan to purchase a car or who currently hold credit card balances.
Knowledge is power, folks. Financially plan your 2015 accordingly!
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