Write 2 paragraphs about how interest rates affect our purchasing descisions. Identify the topic sentence by underlining it.
Interest rates is the price that the lender sets for the borrower to pay as a fee to borrow money. Depending on whether or not interest rates are high or low, you may or may not qualify for a specific loan. When interest rates are higher, we as an economy have less money, and most people save for what they want to purchase rather than finance. When interest rates are higher, less people qualify for vehicle and home loans. Very low interest rates tempt more people to get into debt, as more people qualify for the same loans. Overall, most people agree that it is ridiculous to pay outrageous interest rates, understanding that saving and paying cash later is more better. Whenever interest rates go up in the marketplace buy ½ percent, it is said that over 100,000 buyers will be eliminated from qualifying for a loan.
Interest rate alone controls who, and who does not go into debt. So financing is usually a supply on demand cycle. Home buyers will find that when interest rates are down, value in homes go up, and when interest rates are up, home value either stays the same or go down.
It seems like to me that if you work hard on raising your credit score, and you don’t finance what you don’t have too, it would be more profitable to buy a home when others cannot afford to because of inflation. Unfortunately, those who are trapped in the rat-race of credit will suffer more consequences either way around. Those type of people get finance crazy when interest rates are low, and then cannot afford to keep up when they rise.
Interest rates is...
The first three words (and the first four words in the 2nd paragraph) tell me that you need to do some proofreading before you ask others to read your work.
Please go over your paper with the following in mind. Thanks to PsyDAG for the following:
In the future, if nobody is available to proofread your work, you can do this yourself. After writing your material, put it aside for a day — at least several hours. (This breaks mental sets you might have that keep you from noticing problems.) Then read it aloud as if you were reading someone else's work. (Reading aloud slows down your reading, so you are less likely to skip over problems.)
[You can also either read it aloud to someone else or have someone else read it aloud to you! (The latter works really well!)]
If your reading goes smoothly, that is fine. However, wherever you "stumble" in your reading, other people are likely to have a problem in reading your material. Those "stumbles" indicate areas that need revising.
Once you have made your revisions, repeat the process above. Good papers often require many drafts.
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And here are three really good websites that will help, too.
http://blog.eduify.com/index.php/2009/10/28/editing-secrets-everyone-should-know/
http://teacher.sheboyganfalls.k12.wi.us/staff/dehogue/FSSH/proof.htm
http://grammar.ccc.commnet.edu/grammar/composition/proofing.htm
Interest rates have a significant impact on our purchasing decisions. When interest rates are high, it becomes more difficult for individuals to qualify for loans, such as vehicle and home loans. As a result, people are more inclined to save money and pay for their purchases in cash, rather than taking on debt and paying the high interest rates. This is especially true because higher interest rates mean that borrowing money becomes more expensive, making it less appealing for consumers.
On the other hand, when interest rates are low, more individuals are able to qualify for loans, enticing them to take on debt. Low interest rates make borrowing money more affordable, leading more people to finance their purchases. For example, when interest rates are low, homebuyers may see an increase in home values because more people are able to afford mortgages. However, those who heavily rely on financing and do not consider their ability to keep up with loan payments may face consequences when interest rates eventually rise.
Overall, interest rates have a direct impact on our purchasing decisions. When interest rates are high, people tend to save and buy with cash, while low interest rates tempt more individuals to take on debt. By understanding how interest rates affect loans and borrowing costs, individuals can make informed decisions about their purchases and financial well-being.