Are interest rates going up or down uk
Forces Behind Interest Rates . the prices of goods and services may go up by the time you are paid back, That rate then eventually trickles down into other short-term lending rates. The Exactly how much lower your interest rate and how much higher the monthly payment will depend a lot on the specific loan term and interest rate type you choose. Interest Rate Type. There are two basic types of interest rates: fixed and adjustable. Fixed interest rates stay the same for the entire loan term.