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✉news BusinessReal Estate first seen 19 h ago, last 26 min ago, peak #1

Mortgage and auto loan costs deliver fresh sticker shock

Original: Here's the latest sticker shock: Borrowing for a mortgage — or a car

Borrowing costs for mortgages and car loans are rising sharply, according to NPR, adding to a string of price increases that consumers describe as sticker shock. Higher interest rates are pushing up monthly payments on homes and vehicles, squeezing household budgets and raising concerns about affordability across the housing and auto markets.

Why now: Interest rate increases are making mortgages and car loans noticeably more expensive, hitting consumers' budgets.

NPRUS mortgage marketauto loan market

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