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WCMO-SWMO Area | This country seems to run the best when borrowers pay around 6-7% interest and savers get 4-5%...When interest gets down to 3% all it does is way over inflate most asset values....That $300,000 home quickly turns in to a $500,000 home..
Wall Street loves cheap interest rates because it forces people in to the stock market and away from safer investments like CD's that pay 4-5%..Just a few years ago I was getting .34% interest on a savings account..I'm now getting 5.31% on a CD...I could say lots more but will shut up. | |
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The main reason Interest rates will go unchanged through November
