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The median price forecast indicates positive annual growth for July, August, and Septemberin both Illinois and the Chicago PMSA. In Illinois, the median price is forecast to change by8.6% in July, 9.8% in August, and 10.3% in September. For the Chicago PMSA, thecomparable figures are 9.5% in July, 11.8% in August, and 12.7% in September. … Continue reading Forecast
Federal student loan rates are fixed, so most borrowers won't be affected by a rate hike. But if you are borrowing money for college, the interest rate on federal student loans already rose to 4.99% up from 3.73% last year and 2.75% in 2020-2021.
Interest rate risings affect all types of commodities.Even though auto loans are fixed, car prices are rising along with interest rates on new loans.Paying an APR of 5% instead of 4% would cost consumers $1324 more in interest over the course ofa $40k /72 mo loan.
On a $500,000 loan a 30 yr fixed mortgage at December's rate of 3.11% would have meant a monthly payment of about $1283.00. Today at 5.54% the monthly payment is $1711. That's an extra $428.00 per month / $5136 more per year / $154080 more over the life of the loan. Buyers are slowly being … Continue reading Info for Home Buyers: interest rates