Yay! Fed Raising Rates! All My Payments Will Be Going Up! Yayyyy!!!!

[SeaDoo77]

I just love the idea of giving the banks more of my money.

They are so cool!

[pangaia]

1. Why should your payments go up on loans you already have?

Or do you mean future loans?

I gotta admit, I am totally selfish on this.
I'm retired, owe only on a car at, what .5%? I forget.
And have my small IRA mostly in T-Bills, So a rate hike I welcome.

[Xipe Totec]

2. ARM - Adjustable Rate Mortgages. nt

[Drahthaardogs]

3. Yeah. Those and credit cards suck.

Gave up both long ago.

[pangaia]

11. I pay off my VISA every month.. I'm lucky...

[snooper2]

6. anybody getting an ARM recently should have learned that leasson years ago

Of course we still need basic personal finance education in high school so maybe

[pangaia]

10. Oh goodness. those are a big disaster...

Sorry to hear you got one...

[Xipe Totec]

12. I don't have one. I'm just answering the question asked

On how rising interest rates can raise your payments.

I haven't ever had an ARM for the obvious reasons.

[pangaia]

13. OOPPSS My bad. I meant to reply to Seadoo

[Agschmid]

16. Yeah those arent worth the risk.

[SeaDoo77]

4. Business Commercial Loans

Credit lines. All going up. Economy doing too good I guess?

[Calista241]

5. Rates going up is by and large a good thing.

[DemocratSinceBirth]

7. You're paying for the tax cuts.

The Feds are raising interest rates so the economy won't overheat.

[Yavin4]

8. Yaaayyy! Savers will get a decent return on their savings!!!

After 10+ years of getting nothing.

[FBaggins]

9. Not for some time

The net interest margin compressed as lending rates fell further than deposit rates could (since it was hard for them to fall bellow zero). They still have some room to run before market forces cause them to rise appreciably.

In theory, fees should decline since they rose in an attempt to offset the compression of net interest margin. But that falls into the "believe it when I see it" story

[Yavin4]

14. All I know is that banks are slowly raising the interest rates on savings

Mine went from .5% to 1.5%

[Kimchijeon]

15. Don't worry peasant, the rich will 'reward' you

...uh something something trickle down and that is not rain ☔