Question

Why did interest rates recently increase?

Answer 1

it's the feds way of compensating for some economic thinga ma gig.... . It is the job of the Federal Reserve to keep the economy going at a sustainable healthy rate and when they believe it could be moving too fast, then their tool that they use is to raise interest rates,"

Answer 2

it must be ran by prez bush then. he makes everything go up when it comes to prices.

Answer 3

Blame it on high fuel costs. They had no plans of raising it until oil prices skyrocketed.