You're probably paying more for your car loan or mortgage than you should
- Written by Christopher Palmer, Assistant Professor of Finance, MIT Sloan School of Management
A bad interest rate can make your new car a lot more costly.AP Photo/Carlos OsorioThe Federal Reserve makes headlines from New York to Hong Kong anytime it lifts its benchmark interest rate. Rightfully so, as any increase tends to drive up borrowing costs on everything from credit cards to auto loans and mortgages.
There’s a more important...
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