Faculty Publications

Consumers Can Refinance Loans Since the Fed Will Not Raise Rates in March

Ellen Chang, The Street


The Federal Reserve will not raise interest rates when the Federal Open Market Committee meet this week, but rates could get hiked by April or June, said Greg McBride, chief financial analyst for Bankrate, the North Palm Beach, Fla.-based financial content company.

When the central bankers held rates steady in January, consumers received a reprieve on their credit cards with variable interest rates and more time to refinance their mortgages.