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 Jan. 14, 2009.
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Auto loans
Rates: 6.95 percent (60-month, new car); 7.68 percent (36-month, used car)
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Auto loan rates continue to slip.
The 60-month new-car loan rate fell 4 basis points
this week to 6.95 percent. Also falling 4 basis points, the 48-month new-car
loan is now 6.93. The 36-month new-car loan rate dropped 3 basis points
to 6.87 percent. A basis point is one-hundredth of a percentage point.
The 48-month used-car loan shed 7 basis points to 7.7 percent and the 36-month used-car loan rate fell 3 basis points to 7.68 percent.
-- Sheyna Steiner
See
auto loan rates in your area. |
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July 30 - Aug. 5
