Fed raises interest rates by 0.75 percent

Fed raises interest rates by 0.75 percent
- July 27, 2022
- Jack Liebersohn, economics, KTTV-TV (Fox 11) News, July 27, 2022 (Video)
-----
If you’re a homeowner, UC Irvine [assistant] professor, Jack Liebersohn, says it won’t be a good time to refinance your home, and, “if you’re somebody like me who doesn’t own a house, that also means mortgage payments might put that house out of reach – you have to buy something a little bit cheaper.” … it’s not all doom and gloom. “There could be people who benefit from the increase in interest rates. Borrowers are likely going to face higher interest rates, but savers are going to benefit from those higher interest rates because they’ll earn higher returns,” says Liebersohn.
For the full story, please visit https://mms.tveyes.com/MediaCenterPlayer.aspx?u=aHR0cDovL21lZGlhY2VudGVyLnR2ZXllcy5jb20vZG93bmxvYWRnYXRld2F5LmFzcHg%2FVXNlcklEPTEwNjY2ODEmTURJRD0xNzY5NTU1MiZNRFNlZWQ9ODM3NyZUeXBlPU1lZGlh.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Share on:
Related News Items
- UC Irvine-led study finds "Mansion Tax" may cost California in the long run
- UC Irvine economists examine the first two years of Measure ULA, known as the "mansion tax"
- The unintended consequences of L.A. County's so-called "mansion tax"
- Banking is getting easier, but is it riskier?
- Economics of Anteater life