When you are looking to trim your debt portfolio in a falling rate environment, you keep your maturities shorter.
More Quotes from Greg McBride:
I don't think there is any doubt that credit standards are tougher at this point than they were a year ago. The very best rates only go to the very best credit profiles.Greg McBride
The market is going to slow from the frenetic pace of the past few years. But with fixed mortgage rates remaining below 7 percent, and expected to (remain there) for the balance of 2006, the purchase market will still be very healthy relative to historical levels.
Greg McBride
In a rising interest rate environment, there's very little justification for holding on to credit card debt. It should almost always be the primary focus of your debt reduction efforts.
Greg McBride
Keep that line of credit open for at least the first few years, otherwise you may face a penalty or have to pay closing costs that the lender originally paid when you took out the loan.
Greg McBride
Credit Unions are not-for-profit, which means they exist for the benefit of their members.
Greg McBride
Fee income is the great stabilizer of bank earnings, particularly in unfavorable interest rate environments such as the one we're currently experiencing.
Greg McBride
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