Fed Rate Interest Hike Expected on June 20, 2018

Contact the Author | sample_mail@mail.com

19 Jun

Donna Taylor Blog 0 0

The Federal Reserve is expected to raise interest rates next week. This means that consumers will pay more for mortgage and car loans, home equity lines of credit, and credit cards. Experts project a 2.2 billion dollar hike in credit card interest rate charges. Pay down credit cards and pay them off if at all possible. Savers with bank savings accounts and CD’s will win when interest rates rise and will get a greater return on their money. It will become more expensive to borrow money and will require consumers to be more diligent in finding the lowest interest rate possible. The larger the loan and the longer the repayment schedule means you may may thousands more in higher interest rates. Be an educated consumer and shop around to get the best interest rate possible. You’ll be glad you did! https://amp.usatoday.com/amp/693886002

About the Author

Written by Donna Taylor

Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.