By Jeff Ostrowski
Bankrate.com
Car prices keep soaring—the average price of a new vehicle topped $50,000 for the first time last year, and the share of Americans taking on $1,000 monthly car payments passed one in five, also a record.
How Rising Car Prices Present One More Hurdle for Homebuyers
If you’re considering a new car loan while also hoping to buy a home, you might want to think again.
Saddling yourself with a hefty car payment ahead of applying for a mortgage could make your process even more difficult. Honeybee49/Shutterstock
