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 July 2, 2008.
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Auto loans
Rates: 7.1 percent (60-month, new car); 7.74 percent (36-month, used car)
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Creeping up in this week's rate survey, all auto loan terms gained 1 basis point save for the 60-month new-car loan rate, which took on 2 basis points to come in at 7.1 percent.
The 48-month new-car loan rate is now 7.06 percent and the 36-month new-car loan rate is 7 percent.
The 36-month and 48-month used-car loan rates are each up 1 basis point to 7.74 percent.
A new study has found that Americans are angry about fuel prices. The survey, conducted for the Civil Society Institute and its Citizens Lead for Energy Action Now project by Opinion Research Corp., discovered that most people, three out of five, named rising gasoline and home heating oil prices as the biggest economic problem for 2008.
As a result, the poll revealed that significantly more people are now inclined to buy a fuel-efficient vehicle than they were six months ago.
-- Sheyna Steiner
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July 30 - Aug. 5
