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future of loan interest rates
Posted on 7/16/10 at 1:33 am
Posted on 7/16/10 at 1:33 am
LINK
If lending restrictions are raised more, how would this effect loan interest rates? Does it lower the rate to make it more attractive for qualifying potential borrowers or does it raise it to make up for the loss of future loan quantities?
If lending restrictions are raised more, how would this effect loan interest rates? Does it lower the rate to make it more attractive for qualifying potential borrowers or does it raise it to make up for the loss of future loan quantities?
1
Posted on 7/16/10 at 7:39 am to walnuts
Your answer is in the link you gave:
quote:
Edward Yingling, president and CEO of the American Bankers' Association, predicted "years of uncertainty as to what the massive new rules will mean."
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