Greg McBride

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Last quote by Greg McBride

As president, having a steady hand at the controls of monetary policy is better than switching jockeys midrace.feedback
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Apr 12 2017 Interest rates
The latest quote from Greg McBride is: “Seeing slow progress on both of these fronts just brings us to the intersection of an inevitable economic slowdown at some point long before interest rates get to more normal levels and the balance sheet is reduced significantly in size.”. It comes from the What happens, why it matters and what could go wrong article. You’ll find on this page 30 articles with Greg McBride quoted on topics such as Fed and Americans. Greg McBride has been quoted 45 times in 30 articles.
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Greg McBride quotes

It's a liquid account, so if you don't like the rate. you can always move to a better option.feedback

It's a competitive market and a lot of banks on the top of the list tend to stay there.feedback

Switching to a fixed-rate mortgage may be a tough sell on the surface because rates on many adjusted-rate mortgages are lower now.feedback

People who have just been skating by with paying interest on their home equity lines of credit could be hit with a double whammy when those lines reset.feedback

This single quarter-point move in interest rates will go largely unnoticed at the household level, but coupled with last year's hike, the cumulative effect could mount quickly if the Fed quickens the pace of rate hikes in 2017.feedback

As long as the economy continues to progress, we will see more from the Fed and the cumulative effect is really meaningful.feedback

Americans are finally limiting spending for a good purpose – to save money. This is the first time in four years that the top reason wasn't stagnant income.feedback

Even smaller banks and credit unions are part of larger ATM networks that won't charge customers fees.feedback

This is the type of routine personal finance maintenance that needs to be second nature, like fastening your seat belt.feedback

Check your bank transactions every couple of days. Check your credit card statements every month.feedback

When consumers and businesses are uncertain, that has an impact on spending and can ultimately restrain consumer growth.feedback

People don't have a whole lot of extra money to throw around, and when you layer on the uncertainty of who is going to win the election, it is starting to take a toll on how consumers feel about where the economy might be headed.feedback

There is no sense in bearing the risk of an adjustable rate when you can lock in a fixed rate at essentially the same level.feedback

A quarter percentage point rate hike means your credit card rate will go up by a quarter of a percentage point within a few billing cycles. That's a little more of a headwind toward your debt repayment.feedback

That's a little more of a headwind toward your debt repayment. They won't be around forever, particularly if the Fed continues to raise interest rates, so lock those in while you still can.feedback

For people with good credit, car loans at banks and credit unions alike have never been lower. There are a bevy of sub 2 percent offers available.feedback

More working Americans are saving more for retirement and fewer aren't saving at all. It's indicative of an economy where more people are working and people are earning more.feedback

The Fed gave a very upbeat assessment of the U.S. economy, which is the first step toward prepping markets for another rate hike.feedback

While cash investments are entirely appropriate for short-term needs, such as an emergency fund, they are completely inappropriate for long-term investment horizons.feedback

The preference for real estate is well suited for investment horizons of more than a decade, but the apathy many investors feel towards the stock market is detrimental to achieving their long-term financial goals.feedback

Depending on how much you need and when you need it, taking a personal loan may be advantageous. You want to cast a wide net and know what all your options are.feedback

The rates being offered today, particularly by large national banks and credit unions, are some of the lowest ever seen.feedback

The uncertainty in financial markets keeps the Fed on the sidelines.feedback

If markets bounce back next week, mortgage rates will too. But if the sell-off continues, mortgage rates will continue to fall.feedback

Mortgage rates are tumbling now and they're approaching record-low levels. If you're a borrower, don't wait to lock your rate as this opportunity may not last long.feedback

Accumulating emergency savings requires establishing the habit.feedback

Do not use them as a substitute for emergency savings. Having your own money means you control your own destiny.feedback

A line of credit is open-ended, like a credit card. You have lots of flexibility in when and how much you borrow or repay.feedback

Nearly 30 percent of Americans don't have any emergency savings at all. Every little bit you can squirrel away in a savings account acts as a buffer.feedback

If you put yourself in hock to the boss, it's probably not a good place to go from a career standpoint.feedback

The financial crisis came during millennials' formative years. It instilled in them smart habits we haven't seen in awhile.feedback

This is but one illustration of why pouring extra money into paying down, or avoiding having to take, a low fixed-rate tax-deductible mortgage is not the optimal financial move.feedback

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