Here's a look at the state of interest rates on five common consumer banking products and the latest rates from Bankrate.com's weekly national survey of large banks and thrifts conducted Aug. 6, 2008.
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Auto loans
Rates: 7.05 percent (60-month, new car); 7.71 percent (36-month, used car)
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Auto loan interest rates dipped this week. Both
the 60-month and the 48-month new-car loans fell 2 basis points to 7.05
percent and 7.01 percent, respectively. The 36-month new car loan rate
dropped 3 basis points to 6.94 percent.
Used car loan rates also fell. The 36-month used-car loan rate fell 2 basis points to 7.71 percent and the 48-month used-car loan rate shed 3 basis points to 7.72 percent.
Bankrate's annual car guide kicked off on Monday. It covers just about everything you need to know to choose the right car for you ... and a lot more.
-- Sheyna Steiner
See
auto loan rates in your area. |
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July 30 - Aug. 5
