Monday, June 13, 2011
Nearly half of Americans believe they will be paying higher interest rates in a year's time, but that's the lowest finding in over two years.
The latest Rasmussen Reports national telephone survey shows that 49% of Adults expect to pay higher interest rates a year from now. That’s down from 54% last month and is the lowest finding since April 2009, when just 34% felt that way. Since July of that year, the number expecting to pay higher interest rates has ranged from 50% to 59%.
Still, only six percent (6%) expect their interest rates to be lower in a year’s time, while 31% expect their interest rates to stay about the same. Another 15% are undecided. (To see survey question wording, click here.)
Twenty-seven percent (27%) of Americans say they are currently paying higher interest rates than they were a year ago. That’s up from 22% in April and May and more in line with results found throughout 2010. Only 13% say their current interest rates are lower than last year’s, while 52% say they are about the same.
Since April 2009, roughly half of adults nationwide have reported paying about the same interest rates as they were the previous year.
The survey of 1,000 Adults was conducted on June 7-8, 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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