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49% Expect To Pay Higher Interest Rates Next Year

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. 

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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.


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