"If Americans want lower interest rates, they're going to have to do it themselves," he said.
"Going forward, mortgage rates will likely continue to fluctuate and it's impossible to say for certain where they'll end up," noted Jacob Channel, senior economist at LendingTree.
Auto loansEven though auto loans are fixed, payments are getting bigger because car prices have been rising along with the interest rates on new loans, resulting in less affordable monthly payments.
Student loansFederal student loan rates are also fixed, so most borrowers aren't immediately affected.
Interest rates for the upcoming school year will be based on an auction of 10-Year Treasury notes later this month.
Persons:
Brett House, aren't, Matt Schulz, Schulz, Jacob Channel, there's, Ivan Drury, Edmunds, Drury
Organizations:
Columbia Business School, Treasury, Fed
Locations:
Edmunds