The central bank’s policy stance can influence consumer savings and borrowing, from car financing to home equity loans. Here’s how it works.

The average car loan interest rate is 6.35% for new cars and 11.62% for used cars, according to Experian's State of the Automotive Finance Market report from the fourth quarter (Q4) of 2024. If ...

Average car loan interest rates range from 5.18% to 21.58%, based on factors such as your credit score, type of car and whether you’re buying a new or used car. In June 2025, the average ...

Choosing between a fixed-rate and variable-rate loan can affect how much you pay over time and how easily you can budget each month. Fixed-rate loans offer predictable monthly payments ...

The last time the Federal Reserve cut the federal funds rate was on Sept. 17 when the benchmark rate was reduced by a quarter point. The Fed cut rates three times in 2024. The average 30-year ...

The Federal Reserve announced Wednesday that it will cut interest rates for the first time this year — but the quarter-point reduction probably won’t mean the mortgage rate or car loan ...