Banks quietly raise interest rates on car, personal loans
Saturday, 6 January 2024 Interest rates on retail loans, including home loans, have started increasing as banks revise their marginal cost of lending rate (MCLR). While home loans are linked to the repo rate, other loans are not. SBI has raised its auto loan rates from 8.65% to 8.85% for clients with high credit scores. Bank of Baroda has increased auto loan rates to 8.8% and reintroduced processing fees. Union Bank of India and IDFC First Bank have also hiked rates on auto and personal loans. Bank of Maharashtra reduced its home loan interest rates to 8.35%.
Average Long-Term , Mortgage Rates Climb, , Ending 9-Week Slide.
'The Independent' reports that
average long-term mortgage rates in
the United States edged higher this week. .
On January 4, mortgage buyer Freddie Mac said that
average rates for a 30-year mortgage climbed to 6.62%,
ending a...
Economists Warn , of Danger Ahead for the , US Economy in 2024.
According to Wells Fargo economists, the possibility of a future recession has not been ruled out for the United States economy...
Credit: Wibbitz Top Stories Duration: 01:31Published
In this [Trick or Treat from The Fed?] video , we discuss the big news of whether the FED will be giving us a trick or treat this week. On Wednesday, the FED will be releasing their statement their..
Weekly Jobless Claims , Drop to Lowest Level Since , September 2022.
CNBC reports that the labor market has started
2024 with surprising resiliency, posting an
unexpected drop in initial jobless..
Credit: Wibbitz Top Stories Duration: 01:31Published
Saturday, 6 January 2024
![Economists Warn of Danger Ahead for the US Economy in 2024 [Video]](https://video.newsserve.net/300/v/20240129/1364408088-Economists-Warn-of-Danger-Ahead-for-the-US.jpg)
![Trick or Treat from The Fed? [Video]](https://video.newsserve.net/300/v/20240126/1706270204-Trick-or-Treat-from-The-Fed.jpg)
![Weekly Jobless Claims Drop to Lowest Level Since September 2022 [Video]](https://video.newsserve.net/300/v/20240118/1363879072-Weekly-Jobless-Claims-Drop-to-Lowest-Level-Since.jpg)
