The benefits of coronavirus: how you can save on fluctuations in the credit market
В экономическом кризисе из-за коронавируса, с которым столкнулись американцы, есть и положительная сторона: процентные ставки находятся на беспрецедентно низких уровнях, а эталонная доходность облигаций впервые в истории упала ниже 1%, что, вероятно, приведет к еще большему сокращению затрат по всем займам — от ипотеки до студенческих кредитов. Об этом пишет USA Today.
The US Federal Reserve (FRS) reduced the cost of borrowing to almost zero on Sunday, March 15, on an urgent basis to combat economic shocks from the coronavirus pandemic. Meanwhile, the yield on 10-year Treasury bonds, a key benchmark that affects the cost of borrowing for homes and car loans, fell to a historic low this month.
But experts say borrowers can benefit from a combination of lower rates and lower bond yields in the coming months.
Mortgages
Mortgage rates have fallen to historic lows as bond yields have fallen, which could help home buyers and those who want to refinance. When Treasury yields fall, banks set lower interest rates on mortgages.
The Fed's short-term key rate will affect the 30-year mortgage and other long-term rates. The average fixed rate on 30-year mortgages rose to 3,36%, compared with a record low of 3,29%. This is almost a full percentage point lower than 4,31% a year ago.
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«Это время для рефинансирования», — говорит Джулия Карлсон, основатель и генеральный директор Financial Freedom Wealth Management Group.
Student loans
Falling yields can also affect student loan interest rates. Experts warn that for Americans who go to college next fall and weigh financial aid offers, it’s important to separate scholarships from loans that need to be paid back.
«Как только вы берете федеральный студенческий заем, процентная ставка устанавливается на всю жизнь», — говорит Роберт Хуманн, генеральный директор Credible, онлайн-рынка ссуд.
If the Treasury's yield drops to zero, the interest on new loans for students will be 2,05%, graduate students will pay 3,6%, and the interest rate on loans for parents PLUS and Grad PLUS will be 4,6%.
On Friday, March 13, Treasury bond yields settled at 0,946% after falling to a record low of 0,318% in early March.
Кредитные карты
Credit card holders will probably not immediately feel the effect of the Fed’s last move to lower rates to zero, which is why it usually goes through several cycles.
According to Matt Schulz, chief industry analyst at CompareCards, for a person with $ 6 credit card debt, lowering your rates on Sunday March 000th could save you just under $ 15.
«Хотя это, безусловно, положительная новость для тех, кто имеет долг, другие шаги будут гораздо более полезными, — сказал Шульц. — Возможно, лучшее, что могли бы сделать банки, — это позволить владельцам карт пропустить один или два платежа в это кризисное время, не опасаясь комиссий, штрафов или начисления процентов. Это было бы действительно большим шагом».
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