Borrowing rates on the uptick

Just like consumers, banks scurry to adjust to changing rates

Sticker shock over higher borrowing rates isn’t limited to homebuyers and car shoppers. As rates rise, business executives wanting expansion loans may be in for a difficult conversation in those comfy leather chairs at the local bank. As the cost to borrow goes up, businesses have to adapt quickly by recalculating expected payments. But banks,…

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