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Bankrate's 2008 Financial Forecast
A look back at 2007
When it comes to personal finance, you can learn a lot about what will happen by looking at what has happened.
Month-by-month snapshot
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Financial review of 2007

This month in history:
April 2, 1792
Congress establishes the first U.S. Mint at Philadelphia.
April 13, 1852
F.W. Woolworth is born, founder of Woolworth's.
April 17, 1837
American financier John Pierpont (J.P.) Morgan is born. In 1895, he aided the failing U.S. Treasury by carrying out a private bond sale among fellow financiers to replenish the treasury.
April 22, 1864
"In God We Trust" was included on all newly minted U.S. coins by an act of Congress.
Behind record sales, Toyota becomes the world's No. 1 automaker, surpassing General Motors, which had held the spot for 76 years.

Don Imus creates a furor with racist comments about the champion Rutgers University's women's basketball team. The controversy gets him canned from MSNBC and CBS.

Sony executive Ken Kutaragi steps down after dismal sales of the company’s PlayStation 3 console diminish the company’s dominance of the lucrative video game industry.

A look at the numbers

Unemployment rate: 4.5 percent
CPI one-month change: +0.4 percent
Productivity: Q1 +0.7 percent
Average 60-month new-car loan: 7.71 percent
Federal funds rate: 5.25 percent
NAR existing homes sales: 6,010,000
Months' supply of existing home sales: 8.4
Existing home sales price: $219,800
Consumer debt: Q2 $2,449,900,000
Dow Jones industrial average high: 13,226.99
Average price for gallon of regular gas: $2.79
Average 60-month new-car loan cost (Bankrate)

Average 60-month new-car loan cost (Bankrate)
The national average weekly of 60-month new-car loan rates as determined by a survey of financial institutions across the country by Bankrate.com.
-- Posted: Dec. 10, 2007
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30 yr fixed mtg 4.45%
48 month new car loan 3.77%
1 yr CD 0.89%
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