Regarding interest rates: home loans vs car loans?
So I am watching a real estate show, and the people disclosed the total cost, percentage rate and monthly payments for the house they chose. Their percentage was 8% for thier home loan… That seems high to me. My only point of reference for a percentage rate on a loan is our auto loan. I dont remember the exact percentage for our car loan, but it was 5 something percent. Are car loan interest rates generally lower or higher than home mortgages, or are they comparable?