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McBride expects five-year new car loans to hit 7 percent from their current 7.71 percent level, while four-year used car loans could creep lower to 7.5 percent from 8.29 percent.
Once the Fed cuts interest rates, consumers with fixed-rate debts should consider refinancing if they’re able to shave at least 50 basis points off of their current interest rates, according to ...
San Francisco Federal Reserve President Mary Daly on Monday said "the time is upon us" to cut interest rates, likely starting with a quarter-percentage point reduction in borrowing costs. Asked if ...
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