Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

? asked in Social ScienceEconomics · 9 years ago

America bailed out the banks, how about low cost fixed rate loans?

4 Answers

Relevance
  • Anonymous
    9 years ago
    Favorite Answer

    Banks help the economy work, both by handling the payments and by letting people invest money into things that will earn more money than was put into it.

    Since you cannot get a low-rate loan, you must earn less money than you spend, so what is the point of supporting you?

  • 9 years ago

    I'm not entirely sure I know what you're asking, but with the way interest rates are right now, you'll probably never be able to get a better rate on a mortgage, or car loan for that matter. Rates for home loans are in the 4% neighborhood, so if you're not a deadbeat they won't be getting any lower cost than that. I'm not sure I understand your question.

    Source(s): Looking into buying first home.
  • Anonymous
    9 years ago

    Sorry,you are not too big to fail.Your loan is piece of cake that you can do it yourself.

  • 9 years ago

    Over my dead body!

Still have questions? Get your answers by asking now.