2020 Interest Rate CRASH - Low Interest Rates And Your Savings, Mortgage, & Investments

Minority Mindset
•August 10th, 2020
DESCRIPTION
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Interest rates are at their lowest levels ever in 2020 - this is good news or bad news depending on how you use your money. You'll see how interest rates affect your savings, mortgage, and investments
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2020 Interest Rate CRASH - Low Interest Rates And Your Savings, Mortgage, & Investments
0:28 - The United States is in one of the weirdest recessions ever with home ownership and home delinquencies up
0:45 - How the Federal Reserve Bank is affecting the economy through interest rates
1:20 - How interest rates affect your savings
2:52 - Lower interest rates mean people will borrow more money which mean our dollars have less buying power through more money printing
4:00 - Mortgage rates are lower than ever before in 2020
4:20 - How to save money on your mortgage by refinancing
5:40 - How interest rates will affect your investments
6:39 - Why would you ever want to raise interest rates
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Video host: Jaspreet Singh
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DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

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