According to LendingTree founder Doug Lebda, not all borrowers are created equal when it comes to the impact of a potential Federal Reserve interest rate hike. Earlier this week, Leba discussed which borrowers would be hit hardest if the FOMC decides to pull the trigger on a rate hike.
Adjustable-Rate Loans
Consumers that hold or are in the market for adjustable-rate auto or personal loans, as well as consumers with adjustable-rate student loans and credit cards will be hit by the first interest rate hike. Of course, anyone who has locked in historically low fixed interest rates on loans over the past several years will be immune to the Fed tightening cycle.
Mortgage Rates More Immune
Adjustable-rate mortgages could…
Click here to continue reading
Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common Sense. I don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and tradingcommonsense.com is always available on your local internet!