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Borrowing Costs Surge Amid Inflation | Business and Finance News
Published 1 week, 6 days ago
Description
Treasury yields soar to 19-year highs, sending mortgage and auto loan rates climbing—homebuyers brace for seven percent+ rates, credit cards hit double digits, as global inflation fears push borrowing costs up worldwide. Experts warn against expecting quick relief; adjustable-rate mortgages may offer a lifeline for those planning to move soon.
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