Mortgage rates under 3% once made headlines and sparked a flurry of homebuying, but are those days gone for good? This article breaks down why rates hit historic lows in the first place, what's driving them today, and what has to change for ultra-low rates to return. You'll get straight talk on how central banks, inflation, and the global economy shape your mortgage rates. Plus, find out what homebuyers can do if low rates stay off the table. If you're waiting for another 3% deal, here's what you need to know.
Knowing if a 6% APR is high depends on various factors, like your credit score, loan term, and the current market rates. Most people want the best deal on their auto loans, and understanding APR is a big part of that. From real-life examples to simplification of terms, navigate through tips on negotiating the rate and what it means to your car payments. Get clarity on if you're truly getting a good deal.