Wednesday, January 12, 2011
The number of adults nationwide who expect a rise in interest rates has reached its highest level in nearly two years.
The latest Rasmussen Reports national telephone survey shows that 57% of Adults now predict interest rates will be higher one year from now. Only five percent (5%) say rates will be lower by then, while 26% say they will be about the same as they are now. Another 11% are undecided. (To see survey question wording, click here.)
The number of adults who expect higher interest rates next year is up seven points from October. This finding to this question stayed within a narrow 50% to 54% range from mid-2009 through October of last year, but only 34% expected interest rates to increase back in April 2009.
There is little difference in opinion between investors and non-investors on this question. But those Americans who make $20,000 or less annually are more likely than adults who make more to think interest rates will be higher a year from now.
Twenty-nine percent (29%) of all Americans say the interest rates they are paying now are higher compared to this time last year, while 14% say they are lower. A plurality (49%) says their interest rates now are about the same as they were then. These numbers have changed little from results found over the past two years. But in April 2009, 25% said their interest rates were lower than the prior year.
The survey of 1,000 Adults was conducted on January 8-9, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC. See methodology.Rasmussen subscribers can log in to read the rest of this article.
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