How Far Will Interest Rates Rise?
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 20 October 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
In today's video, we dive deep into the world of interest rates and explore the potential trajectory they might take in the near future. As economies shift and global events unfold, understanding the dynamics of interest rates becomes crucial for both investors and everyday citizens. Join us as we break down the factors influencing these rates and what rising interest rates mean for you. Don't forget to subscribe for more insightful content!
#InterestRates #Economy #FinancialInsights #Investing #GlobalEconomy
Link to full episode: https://youtu.be/oW2ZJOq4rao?si=niF8P6nEvZukNoa9 (https://youtu.be/oW2ZJOq4rao?si=niF8P6nEvZukNoa9)
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Transcript
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| 0:33.0 | So put a post on Instagram last week, kind of a lot of attention, that interest rates, |
| 0:38.1 | home mortgage rates, or approaching 8% some instances that are already 8% or over 8%, |
| 0:46.2 | depending on your credit score, different parts of the country, different things that |
| 0:50.2 | I mentioned. |
| 0:51.2 | So, interest rates are rising at very high levels. |
| 0:56.6 | It's affecting people, especially if you're trying to buy a home, or if you're trying |
| 1:01.1 | to borrow money, and you see that interest rates, you're trying to buy a car. |
| 1:05.4 | So interest rates are rising, right? |
| 1:06.8 | So why are interest rates so high? |
| 1:09.5 | And when do you think we'll see relief from these very high interest rates? |
| 1:14.4 | Yeah, it's a great question. |
| 1:16.4 | We probably won't see any relief for about 18 months. |
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