Interest rates are at a 22-year high. Here's what that means for your finances.

Por: ABC7 World July 29, 2023

interest rates to a 22-year high this week -- a milestone that carries major implications for the finances of everyday people, experts told ABC News.The move escalated an aggressive series of rate hikes that has helped dramatically reduce from a peak last summer.But the historically high interest rates are for borrowers, who will face even higher costs for things like car loans to credit card debt to mortgages.The high interest rates do deliver... + full article

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