It’s the mortgage and other loan interest rates that I’m meaning to allude to here. People facing a 30% increase in mortgages or rent might find that shelling out for that expensive car, it’s maintenance and operation isn’t as tenible as it was a year ago. That’s the whole point of those rate hikes, to stop us buying everything else and push price growth back in line.
Care rates are around 8-10% right now for most people. That is insane. I bought my Tesla before the pandemic back when rates were low. I bought my Audi recently and I have good credit. It was going to be 7% ut they had a special rate of 2.99%.
The interest rates are killer for the average person and until inflation is under control, they will keep going up.
It’s the mortgage and other loan interest rates that I’m meaning to allude to here. People facing a 30% increase in mortgages or rent might find that shelling out for that expensive car, it’s maintenance and operation isn’t as tenible as it was a year ago. That’s the whole point of those rate hikes, to stop us buying everything else and push price growth back in line.
Care rates are around 8-10% right now for most people. That is insane. I bought my Tesla before the pandemic back when rates were low. I bought my Audi recently and I have good credit. It was going to be 7% ut they had a special rate of 2.99%. The interest rates are killer for the average person and until inflation is under control, they will keep going up.