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It is good when the economy is growing and the nation is growing. With lower interest rates, people can arrange cash easily through loans and use it to expand their businesses. This would in turn help the economy grow.

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16y ago

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What are the current interest rates for buying a new home?

Interest rates vary depending on your credit score. If you have good credit, you can get a home interest rate as low as 4.75%.


What will a low credit score potentially do to the interest rates for a loan?

A low score means a bad risk, and the interest rates will be higher.


Where can one obtain a personal loan with low interest rates?

Personal loans are available at HSBC bank with low interest rates. Other banks such as the co-operative bank can also provide you with a loan with low interest rates.


How can I finance auto with lower interest rates?

To finance an auto with low interest, you must have a good credit score. If you do not have a good credit score, there are always options of individuals co-signing with you, and specials on interest rates at certain times of the year.


What is the interest rate on loan?

Interest rates are based solely on the severity of your credit. Good credit = low interest rate. Bad credit = higher interest rate.


What are some good home mortgage interest rates?

Right now mortgage interest rates are incredibly low. Depending on your credit score, income, and debt load, you could qualify for a rate as low as 3.279% for a $200,000 loan.


Where can I obtain a pay day loan with low interest rates?

You can obtain a pay day loan with low interest rates from many places like a near by bank or by searching online to see which bank near you offer the beat low interest rates.


Where can one go to find low car loan rates?

Persons can find low interest car loans through various financial institutions. Many offer lower interest rates to persons with good or excellent credit. Many car dealerships also offer low interest financing on their vehicles.


What are some low interest credit cards?

Low interest credit cards are credit cards that have low APR rates or a low introductory APR rate based on credit. They have low annual interest rates, which means, for a certain period of time, sometimes up to 21 months; after this period of time, interest rates will be based on credit worthiness.


what is a good rate for business credit card?

I am sure no credit card provide low interest rates, they are all high rates on both business or individual credit cards. Check out this site, they provide comparison of low interest rate credit cards. http://www.creditcardfinder.com.au/low-interest-rate-credit-cards


What do low interest rates mean?

It means that the rate of interest either charged on a debt or paid on a deposit is percieved as low by some comparable. This may often be quite subjective. Someone who obtained a mortgage in 2004 at an interest rate of 4.75% will not percieve a rate of 5.25% in 2009 as a "low rate". However, maybe the 5.25% is low compared to the same loan in 2008 when it was 6.00%. Generally, low rates on loans are good for the consumer obtaining the loan. Low rates on deposits are not good for the consumer who owns the deposit. In the case of low rates on deposits, the account is earning a "low" rate of return on the money deposited.


What company supplies low mortgage interest rates?

There are many different companies that offer low mortgage interest rates. One of the most reputable sources of low rates would be through one's local financial institution.