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Article: Concerned about interest rates?(Business Banking)
- Article from:
- San Diego Business Journal
- Article date:
- January 3, 2005
CopyrightCOPYRIGHT 2005 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Even casual financial news readers will have noticed most experts are predicting interest rates, which hovered at historic lows throughout much of 2004, will rise in 2005.
Rising Interest Rates
2004's climate of extremely low interest rates certainly helped businesses. Low interest rates encouraged businesses to borrow capital end make investments designed to fuel future growth. Coupled with the meteoric rise in housing values, low interest rates also helped consumers purchase or refinance homes, buy cars and start small businesses, all of which stimulate our region's economy.
It is understandable, then, that many businesses are viewing the ...