Interest rates and commodities

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 of
a $40k /72 mo loan.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s