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Ep.41 Know Nothing About The Economy? This Episode's For You.

Working Hard with Grace Beverley

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How Interest Rates Affect Us

When interest rates are high, it's more expensive to buy a house. When they're low, it's cheaper. And so it kind of depends on the individual, depending on what they can afford. So for example, we talked about mortgages earlier. Your mortgage gets more expensive. If you're thinking about buying a house, you might not do it. But if you really have a mortgage, you might go, oh, my mortgage has gone up. I just, you know, save some money or spend less."

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