Here's Why Interest Rates Could Spike in 2021
The Federal Reserve has made no secret of its plan to hold the benchmark Federal Funds Rate at near-zero levels for at least the next few years, but that doesn't mean all interest rates are going to stay low. Mortgages, auto loans, bond yields, and other interest rates that aren't directly correlated to the benchmark could rise significantly in 2021.
In this Jan. 4 Fool Live video clip, Fool.com contributor Matt Frankel, CFP, explains to Industry Focus host Jason Moser why interest rates could rise sooner than most experts are predicting.
Source Fool.com
