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1 wrz 2024 · The short-term federal funds rate is currently in the 5.25% to 5.5% range — and a series of rate cuts could bring the federal funds rate down to around 3% or so in two years....
19 wrz 2024 · The Federal Reserve cut its benchmark interest rate for the first time in four years yesterday. The move was big news for the economy, but Cox Automotive Chief Economist Jonathan Smoke says it...
2 sie 2024 · Interest rates for car loans should begin easing off their two-decade highs once the Federal Reserve starts cutting its benchmark rate, auto-industry experts say.
19 wrz 2024 · The Federal Reserve cut interest rates for the first time in four years on Wednesday, which will directly impact auto loan rates — but don't expect a big change anytime soon.
18 wrz 2024 · McBride predicts that the rate cuts and the avoidance of a recession will lead to lower auto loan rates, at least for borrowers with strong credit profiles. For those with lower credit profiles, double digit rates will likely persist for the remainder of the year.
24 wrz 2024 · The average auto loan interest rate in the second quarter of 2024 was 6.84% for a new car, according to Experian’s State of the Automotive Finance Market report, and 12.01% for a used car. That...
17 wrz 2024 · The average rate on new car loans was 7.1 percent in August, according to Edmunds, a car shopping website, down slightly from 7.4 percent in the same month in 2023 and up from 5.7 percent in...
