How/why do interest rates set by central banks affect market/retail interest rates? related questions

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How/why do interest rates set by central banks affect market/retail interest rates?0Aldric2012-10-26 22:32:22
I understand that central banks ( the U.S. Federal Reserve and the Bank of England in the UK ) set their own interest rates for loans to / take deposits from government and commercial banks . MedlinePlus MedlinePlus I do not understand is how / why the rate set by the central bank affect the rates charged by my bank for loans and mortgages . Is not my bank is free to charge whatever they want , regardless of what the central bank charges ? MedlinePlus MedlinePlus I would have thought that competition between retail banks would be the main factor affecting interest rates . MedlinePlus MedlinePlus Maybe I'm being stupid ... Could an economics student , or other person in the know ' get well ?
What do Americans think of these loan interest rates from an Irish bank,are interest rates in the US lower?0concy2012-11-04 01:57:45
From what I know they are higher than US banks? http://www.aib.ie/personal/loans/Persona
Banks and interest rates.?1Blai2012-10-17 00:42:03
I am paying too high an interest rate on my car loan , I tried to refinance , but that does not work , even with two banks . I have nothing negative on my credit , but debt to credit ratio is very high . Instead of getting a repo and ruining my credit could a debt consolidator , such as those seen on television or w / e to be able to help and work with banks to reduce the APR ? What they also might be able to combine all credit cards into one payment to be able to pay faster ?
Is it possible to postpone student loan consolidation to wait for lower interest rates rates?0Bryan2012-08-22 20:38:02
I graduated six months ago with several federal student loans combining more than 40K . Which is better for me to consolidate now or stay ? Will the fed cutting lending rates ( now 3 % ) affect interest rates offered by preparers loan? Will I be offered either variable or fixed if I consolidate ?
Stafford, Perkins loans, Banks, Interest rates?!!! HELP!!!!!?2Bree'Anna2012-11-01 20:18:01
I have my letter of award of the University . I applied . I really just wanted to grants and scholarships , but I got a federal Sub . Stafford Loan , and my reaction was W.T.F. ! I searched everywhere to find out what I 'm doing if I agree on the loan and make a long story short , it's like I'm reading a foreign langauge . Someone please explain to me in simple terms what are the pros and cons of Stafford and Perkins loan , and they list the lender banks is good . MedlinePlus AMS ( a company of Sallie Mae ) MedlinePlus BancorpSouth MedlinePlus Bank of America MedlinePlus Cadence Bank MedlinePlus Capital One Student Loans MedlinePlus hunting MedlinePlus Citibank MedlinePlus Citizens Bank of Philadelphia MedlinePlus MedlinePlus Edamerica Education Services Foundation MedlinePlus Sallie Mae Education Trust MedlinePlus Student Loan Xpress MedlinePlus The Student Loan People MedlinePlus Wells Fargo MedlinePlus Stanford 's loan is $ 5,500.00 , but since I will transfer as a junior (went to a communicator . Primera college and earned an AA degree ) I know I'll eventually need atlease 2 or 3 semesters over loans .
What are the interest rates for car loans in the 3major banks of Canada?!?0y9122012-09-25 00:18:02
TD MedlinePlus RBC MedlinePlus Scotia Bank MedlinePlus I can not seem to find the interest rate for trying to find my car @ the price of $ 35,357.70 best answer gets all points
I have found the national interest rates for auto loans, how do I calculate the rates for poor or good credit?0student32012-09-19 03:26:03
I'm trying to help a friend . I do not want to be nosy and ask what your credit rating is good , bad , good , but I was wondering if there is a certain amount of percentage points that is supposed to be added to the national loan rates car I've found Internet . I think the national rates of car loans is based on the credit rating of excellent good , right? MedlinePlus Thanks for your help . It is greatly appreciated.
How does the Fed Funds Rate affect, or influence, interest rates on personal loans?0tony2012-10-27 02:19:52
How the Federal Funds Rate affect or influence interest rates for personal loans ?
Why do MORTGAGE Interest Rates go up Every time the Fed cuts rates?0niel2012-10-27 19:27:55
Why is it that every time the Fed cuts , the housing loan rates go up?
Why do banks charge people who can least afford it higher interest rates?0andreanna2012-09-03 19:07:03
I know it has to do with risk , but what about the risk that the bank can not collect anything ? MedlinePlus Why not charge people with low incomes , lower rates and those with higher incomes , higher rates ? All *** - on ... MedlinePlus They send people to the wall and then expect taxpayers to bail them out . MedlinePlus I think half of an elephant is better than any elephant . MedlinePlus I just tried to refinance a loan at a lower rate and they said they do not earn enough to refinance , so the rate is still high , even though I just said that you can afford . MedlinePlus It just does not make sense to me at all. MedlinePlus Lower it so you can continue making payments ! No wonder the masters of the universe are in trouble ...
How long will it take the latest 3/4% interest rate cut to affect the mortgage and loan companies rates?2vanessa marie2012-09-18 17:41:02
With the Fed's decision to cut interest rates , I understand that banks follow suit and lower interest rates . How fast will take for these changes are in place ? At what point should people start researching refinancing their mortgages and other loans that really reflect the new rates ?
What is the formula by which banks calculate interest rates for large companies loans?0Compstudent2012-10-27 11:27:06
Long sought as anywhere. Any ideea what or where I will find it ?

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