It’s almost everyday that we hear on the radio news and TV news about interest rates going up or down. What is never discussed however is how it really affects an individual. It all depends on how large your loan is. If for example your loan is under $300 000 then you’ll only be affected by a few dollars either way. It’s when your loan is toward the million dollar mark or beyond where you’ll find a significant difference. None the less if the interest rates do go up by a quarter of a percent every couple weeks and it only hits your pocket up for an extra couple dollars it’s still annoying!
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