First Time Home Buyer Programs

Will The S&P Downgrade Affect Interest Rates?

August 8, 2011 By Joy Bender Leave a Comment

“The impact on your wallet of the Standard & Poor’s downgrade of the nation’s credit rating is similar to what would happen if your own credit score declined: The cost of borrowing money is likely to go up,” the Washington Post explained in the aftermath of S&P’s decision. While consumers who have fixed interest rate… Read More