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Greg McBride Quotes
There are some very attractive savings offers for consumers right now. Average rates on [certificates of deposit] are the highest they have been in almost five years.
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Greg McBride
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That's where the payment pain is going to come for a lot of households.
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Greg McBride
But how the borrower performs after taking out the loan isn't' the best indicator of what's to come. The peak for delinquencies and defaults comes between years three and five.
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Greg McBride
That's quite the opposite of what it was six or 12 months ago when we were in a rising interest rate environment... At that time everyone was going with the shorter term so they could reinvest at a higher yield going forward.
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Greg McBride
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