✉news BusinessReal Estate first seen 9 h ago, last just now, peak #1
Rising borrowing costs hit mortgages and car loans
Original: Here's the latest sticker shock: Borrowing for a mortgage — or a car
Borrowing for a mortgage or a car loan has become markedly more expensive, the latest example of sticker shock facing American consumers as interest rates climb. Higher borrowing costs mean larger monthly payments for homebuyers and car buyers alike, adding pressure to household budgets and raising questions about how long consumers can absorb the added expense.
Why now: Interest rates on mortgages and auto loans have surged, making major purchases noticeably more expensive for consumers.
NPRUS consumersmortgage marketauto loan market
Rank over time, top of the chart is #1. 8 snapshots from 9 h ago to just now.
Evidence
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