The Problem with Low Interest Rates - ABC FOX MONTANA NEWS, WEATHER, SPORTS - KTMF/KWYB

The Problem with Low Interest Rates

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MISSOULA - During today's economic climate, it is cheap to borrow money.

Interest rates are very low and home mortgages can be had for rates as low as 2.5%.

That may seem like great news, especially for home buyers.

Patrick Barkey from the Bureau of Business and Economic Research said that there is another side to this coin that is not so positive.

In today's Economic Minutes, he revealed that low interest rates penalize savers.

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