Automobile Financing
What the Fed’s Rate Hike Means for Credit Cards and Student Loans
The Fed’s decision to raise its key interest rate by three-quarters of a percentage point is good news for savers, but less so for borrowers: They can expect to pay more on credit card debt, car loans and certain student loans. [Here’s what the Fed’s decision means for mortgages.] Credit Cards Credit card rates are […]
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What a Federal Reserve Rate Increase Means for You
Though the typical car payment has reached its highest levels since 2012, the latest increase isn’t expected to make a meaningful difference — at least not yet. “Car loan rates will move up as the Fed hikes interest rates, but it will be a nonissue for car buyers because it has such a limited impact […]
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