Interest rates up on mortgages, car loans
January 23, 2007
The nationally averaged rate stands at 6.26 percent, up from last week's 6.24 percent. The increase comes on the back of higher retail sales prices reported in December that many interpret as a sign of inflation, according to the Web site.
The nationally averaged 15-year fixed mortgage rate rose to 6.03 percent from 5.98 percent.
Car loans also increased.
- The nationally averaged interest rate for a three-year car loan increased last week to 7.81 percent from 7.69 percent.
- The national average for a five-year loan also rose, climbing from 7.79 percent to 7.95 percent, according to bankrate.com.
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