Bankrate’s 2021 interest rate forecast: Rates poised to stay low in new year

After a rough 2020 dominated by the COVID-19 pandemic and its economic fallout, 2021 appears to be a year that will see relatively stable and low interest rates. With significant risks to the economy still in play and inflation under wraps, rates are unlikely to move much higher in the year ahead. Plus, the Federal Reserve has promised not to raise rates through 2023 to support a recovery.

Read the full Bankrate article here.