The number of adults nationwide who expect interest rates to go up over the next year has risen again this month to a new high.
A new Rasmussen Reports national telephone survey finds that 59% of American Adults think 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. (To see survey question wording, click here.)
Last month, 57% predicted an interest rate hike over the next year.The number of adults who expect higher interest rates is up 11 points from October. The findings to this question stayed within a narrow 50% to 54% range from mid-2009 through October of last year, while only 34% expected interest rates to increase back in April 2009.
The majority of Americans across virtually all demographic categories expect interest rates to be higher in a year's time.
Fifty-three percent (53%) of Americans say the interest rates they are paying today are about the same as a year ago. One-in-four (26%) say they are paying higher interest rates than a year ago, and half as many (13%) say their interest rates are lower. This is similar to results found in January, and although there has been some fluctuation, this has been the general finding since mid-2009.
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The survey of 1,000 Adults was conducted on February 27-28, 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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