We just got confirmation that interest rates on mortgages, cars, and credit cards will keep getting more expensive in 2023

Jan 4 2023 by Business Insider

 
The Federal Reserve confirmed it will keep getting more expensive to take out a mortgage in 2023.

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The Federal Reserve's December minutes confirmed interest rates won't be cut in 2023. It noted that as long as inflation is well above 2%, continued interest rate hikes will be necessary. This means it will keep getting more expensive to buy a house or a car this year.

Borrowing money to buy a house or a car won't get any cheaper this year, the nation's central bank just confirmed.

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Continue Reading We just got confirmation that interest rates on mortgages, cars, and credit cards will keep getting more expensive in 2023