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Recent Interest Rate Hike Marks Beginning of Higher Cost in Loans Says Kingdom Financial Principles







Recent Interest Rate Hike Marks
Beginning of Higher Cost in Loans Says
Kingdom Financial Principles

Recent Interest Rate Hike Marks
Beginning of Higher Cost in Loans Says
Kingdom Financial Principles
07/07/2004 02:59 AM

The handwriting is on the wall that the era of low interest rate loans is about to give way to a series of interest rate hikes. The benchmark interest rate moved up by one quarter percent for the first time in four years as the Federal Reserve upped the cost of overnight loans to financial institutions. Although the blow of further rate increases is being cushioned by the language of a “measured” pace for these increases, investors and potential home owners can only hope for comparative low rates for only a few more months. [PRWEB Jul 7, 2004]




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Recent Interest Rate Hike Marks Beginning of Higher Cost in Loans Says Kingdom Financial Principles

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