Personal loan interest rates depend on a variety of factors. Just to name a few, they take the borrower’s credit score, employment history, income, and assets into account. Plus, every lender has its own qualification standards.
Having said that, personal loan interest rates tend to move in the same direction as market interest rates. In other words, when the Federal Reserve raises rates, personal loan interest rates tend to move higher as well. To make a long story short, if the Federal Reserve continues to raise interest rates, personal loan rates will likely move up as well.