According to an article by ABC News, Credit Card fees and home equity loans could drop considerably. Mostly due to the fact that wholesale prices dropped by 1.6 percent in October, matching the largest ever one-month drop in the history of the report (October 2001). Also last month’s big downward moves were led by price cuts in gasoline as well as cars and trucks. Because of these drops, many economists see this as a downward trend. Usually when you see things drop it has a big effect on what the Federal Reserve decides to do with interest rates. So early next year would be a great time to look into hoe equity loans and getting lower credit card fees.

This entry was posted on Tuesday, November 14th, 2006 at 10:48 am and is filed under In the News, financial advice. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.