The Top 10 Reasons

1. Low interest rates benefit people who have lots of debt. I don’t like debt and don’t carry it.

2. The things that are affected the most are car loans, credit cards, and home equity lines of credit. If you have good credit you are going to get good rates as it is. Even if you do have good credit your credit card rates might only drop from 15% to 12%. Actually credit card companies don’t have to lower anybody’s rates if they don’t want too.

3. Lowering rates hurts people who are financially smart and save.

4. I have watched my online savings accounts with Ing Direct and Emmigrant Direct drop from an easy 5.25% being earned(pretty good for a normal savings account) to less than 3%. Thanks for nothing Fed.

5. If rates were higher it would force people to save more when they are looking to put additions on their homes,