Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
At all times, in all markets, in all parts of the world, the tiniest change in rates changes the value of every financial ...
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...
The average auto loan interest rate for new cars in the third quarter of 2024 was 6.61 percent, while the average used car loan interest rate was 11.74 percent. Your credit score plays a ...
The subprime auto loans 60-plus-day delinquency rate rose to 6.15%, a new record for December. For the delinquency rate prime auto loan ABS has been in pristine condition (0.37% in December) ...
The Federal Reserve is expected to cut rates further in 2025, paving the way for slightly lower borrowing costs for consumers ...
The Fed is expected to hold off on another rate cut at its Jan. 29 meeting. Here's what it means for your finances.
The CFPB reports a rise in auto repossessions in December 2022, surpassing pre-pandemic levels, and an increased use of third-party forwarders, raising costs for consumers.
Increased competition between lenders may help drivers get a good rate. The highest auto loan rate in 2024 was 8.58 percent for a four-year used car loan in the months of February and July.
Those new-car inventory stats reflect this somewhat, with more affluent shoppers more easily able to afford new cars even ...
The Federal Reserve has been cutting its benchmark rate in response to falling inflation, but stubbornly high prices for housing, energy, and food remain problematic. As a result, the Fed has scaled ...