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Reply to "Interest rate predictions?"
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[quote=Anonymous]Our HELOC is tied to the 1yr. LIBOR and we have been very lucky and happy as the rate has decreased each year since we've had it....and it seems that Libor will decrease even further this year. In general, I think most rates will hold steady for this year. The fed has already started pulling back with regards to quantitative easing and we see what THAT did to the market so far this year. It was necessary and inevitable but I'm not sure that it would be smart to raise rates on top of everything else. I think it would really hurt the economy. but I am NO economist. just a gal with a HELOC.[/quote]
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