How
the latest interest rate hike could affect your finances
최근 금리
인상이 여러분의 재무에는 어떠한 영향을 주는지 알아봅시다.
Mortgages, lines of credit, credit
cards and even student loans may need your attention
이번 이자율 인상이 모기지, Line
of Credit, 신용카드 그리고 학생 대출에 어떤 영향을 주는지 알아봅시다.
Canadian consumers can expect to see
the impact of the latest move by the Bank of Canada to nudge up interest rates
again in several areas of the finances.
캐나다 소비자들은 캐나다 중앙은행이 재정의 여러 분야에서 다시 이자율을 밀어 올리려고 하는 최근 움직임의 영향을 예상할 수 있습니다.
"It's going to raise
borrowing costs a little bit for everyone," Eric Lascelles, chief
economist at RBC Global Asset Management, told CBC News Network.
Here's
where and how consumers could feel the hike:
1. Mortgages
Consumers with variable-rate
mortgages, also known as adjustable-rate mortgages, could feel the increase in
the overnight rate very quickly if financial institutions begin pushing up
their lending rates.
Canadians with a fixed-rate mortgage
won't have to grapple with the impact until it's time to renew at the end of
their fixed term. Even then, they could wind up saving money if their renewal
rate is lower than when they initially got their loan.
"Anyone who currently has a
variable rate mortgage should consider if now is a good time to lock into a
fixed-rate mortgage," said James Laird, co-founder Ratehub.ca and
president of CanWise Financial mortgage brokerage.
Laird also said anyone currently
looking for a home should get a pre-approval that guarantees today's fixed
rates for 120 days.
변동금리 모기지를
가지고 있는 사람은 기준 금리의 인상에 따라 영향을 받을 것이고
고정금리 모기지
이용자는 모기지 계약 기간이 끝날때까지는 영향이 없으며, 현재 변동금리 모기지를 가진 사람은 고정금리로 갈아
타는 것을 고려해 볼 시기이다.
2. Lines of credit/Home equity lines
In a report issued Sept. 1, RBC
economist Laura Cooper said Canadian households added $10 billion to $12
billion to their consumer credit balances in each of the past four quarters.
"Borrowing from banks accounted
for the bulk of the rise led by personal lines of credit, notably home equity
lines of credit," she said, adding that this component made up more than
half the rise in the second quarter of 2017, its greatest contribution since
2011.
Against that growth in consumer
credit, economists say Canadians will feel the biggest impact, after their
variable-rate mortgages, in their lines of credit, which are tied to the prime
rates charged by banks.
은행에서 차입은
개인 신용 한도 (Line
of Credit), 특히 주택 담보 대출 Line of Credit 이 상승세를
주도했습니다.
경제학자들은
변동금리의 Line of Credit 을
가진 소비자들이 가장 큰 영향을 받을거라고 이야기했다.
3. Credit cards
The bulk of credit card interest is
charged at a fixed rate, although some cards do carry a variable rate. So, it
can be worth checking the rate on any cards you use.
However, if you begin to miss
payments on your card debt, some cards will begin charging a higher interest
rate on your outstanding balance.
일부 신용카드는 변동 이자율을 적용하지만 대부분의 신용카드는 고정금리
이자율을 적용하고 있으며 지금 사용하고 있는 카드 이 자율을 확인할 필요가 있다. 카드 상환일자를 놓지면 나머지 잔액에 대해서는 더 높은 이자율을
적용한다.
4. Student loans
Student loan interest rates can be
either fixed or variable. As with mortgages, somebody repaying a variable-rate
student loan could see an immediate hit from the latest Bank of Canada
hike, while those on fixed rates won't see the bump until it is time for
renewal.
학생 대출 이자율은 변동과 고정 이자율중 하나를 적용할 수 있으며 모기지와
마찬가지로 변동금리는 바로 영향을 받고 고정금리 대출은 만기까지는 영향을 받지 않는다.
The road ahead
Cooper pointed out in her report on
credit growth that the country's heavy borrowing is likely to subside as
support for monetary tightening increases.
"A notable shift in major
housing markets alongside elevated household indebtedness and tighter financial
conditions are likely to dampen credit growth and eventually temper consumer
spending growth," Cooper said in the report.
"We anticipate that households
on the whole will be able to absorb rising costs given an expected gradual pace
of policy tightening and ongoing hiring gains. But as is the case with all
goods things — the borrowing binge is likely coming to an end," she said.
로라 쿠퍼는 통화 긴축에 대한 지지가 높아지면서 무리한 차입이 줄어들 가능성이 있다고 봤다. 쿠퍼는 보고서에서 "증가한 가계 부채와 재무상태의 악화와 함께 주요 주택시장에서의 주목할 만한 변화가 신용 성장을 저해하고 궁극적으로 소비자 지출 성장을 둔화시킬 것"이라고 밝혔다.
CBC News Posted:
Sep 06, 2017 12:22 PM ET
| 