Here's the latest sticker shock: Borrowing for a mortgage -- or a car

Interest rates have spiked, pushing mortgage costs to their highest levels in nearly three years, and this increase is also hitting car loans and student loans. This broader rise in borrowing costs has significant implications for consumers, as it eats into disposable income and can delay major purchases. The trend underscores the impact of economic inflation and rising bond yields on everyday financial decisions, making it crucial for families to carefully consider their spending and debt.