54% Expect Higher Interest Rates A Year From Now
Most American adults continue to believe interest rates will be higher in one year's time, but a majority says the rates they're paying now haven't changed over the past year.
The latest Rasmussen Reports national telephone survey shows that 54% of American Adults believe interest rates will be higher a year from now. Only seven percent (7%) expect them to be lower by then, while 27% think they will be about the same. Another 12% are undecided. (To see survey question wording, click here.)
Those findings have remained relatively steady in surveys back to July 2009. But in April of that year, just 34% expected interest rates to go up.
Still, only 22% say they are paying higher interest rates now than they were a year ago. While even fewer adults (16%) say they are paying lower interest rates, a majority (53%) says they are paying about the same amount.
The number who say they are paying more remains unchanged from April which marked the lowest finding in over two years. Prior to that in surveys since April 2009, this finding has ranged from a low of 26% to a high of 34%.
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The survey of 1,000 Adults was conducted on May 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.
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