Greensboro, NC-- With interest rates at their lowest point in years, the impact is felt by more than just home buyers.
As the economic outlook in the U.S. and around the world continues to look grim, interest rates are dropping.
That's good news for home buyers, but not so good for home renters.
How does it impact you?
It's good news, if you're borrowing money for a big project or for a business.
Low interest rates aren't good news if you're putting your money in a bank. You won't get much interest in your savings account or in a CD.
Credit cards will also charge higher interest rates that you will have to pay.