Why rates of interest Thing. Just What do interest levels represent?

Exactly How Federal Reserve price hikes and bond that is rising impact the economy along with your car title loans near me investment strategy.

Illustration by Nigel Buchanan

By Daren Fonda, Senior Associate Editor
From Kiplinger’s Individual Finance, 2017 february

Just What do interest levels represent?

Mortgage may be the cost of borrowing cash, typically expressed as an annualized portion price. Sign up for a $100 loan at a 10% rate and you’ll owe $10 a 12 months in interest.