We know everything seems to be getting more expensive like financing a home, a car and even credit card purchases. This is an impact of the Federal Reserve raising rates to battle inflati. While refinancing loans may be tough, there are some money move expers suggest to help you deal with d. Right now a 30 year fixed rate mortgage is over 7%, new car loan rates are over 7% and the average credit card rate is sitting just over 20%.

Now. Experts say if you can pay off credit card balances to avoid. Interest, but we know that can be a big task, so you can also request a lowere or APR by calling your card iss. You can also consider transferrg your balance to a new credit card that offers 0 interest for several months..