Financial Services Industry
Industry: Email Alert RSS FeedBORROWING: Low loan rates around the U.S - Brief Article
Kiplinger's Personal Finance Magazine, Oct, 2000
RATE/DESCRIPTION
New York LENDER (INDEX PLUS MARGIN)
Fixed-rate 30-year HSBC Bank 7.75%/2 pts.
One-year ARM Bank of New York 7.13%/2.5 pts.
(Treasury index
2.75)
Home-equity line Dime Savings 7.25%/3 mos., $10,000
minimum (prime 2.15)
Car loan Dime Savings 8.15%
Atlanta
Fixed-rate 30-year Fidelity National 7.5%/2.5 pts.
One-year ARM BB&T 6.88%/1 pt.
(Treasury index
2.75)
Home-equity line Regions Bank 8%/6 mos., $10,000
minimum (prime 1)
Car loan Tucker Federal 7.95%/$100 fee
Chicago
Fixed-rate 30-year St Paul Federal 8%/0 pts.
One-year ARM Bank One 7.35%/1 pt.
(Treasury index
2.75)
Home-equity line St Paul Federal 4.99%/6 mos., $5,000
minimum (prime 0.75)
Car loan Liberty Federal 8.85%
Phoenix
Fixed-rate 30-year Bank One/Arizona 8.05%/1 pt.
One-year ARM National Bank of 7%/1 pt.
Arizona (Treasury index
2.75)
Home-equity line Fifth Third Bank 7.53%/5 mos., $5,000
minimum (prime)
Car loan Fifth Third Bank 9.25%/$125 fee
Los Angeles
Fixed-rate 30-year California Federal 7.38%/3.33 pts.
One-year ARM California Federal 6.25%/1.41 pts.
(Treasury index 2.5)
Home-equity line Washington Mutual 5.99%/6 mos., $10,000
minimum (prime 0.74)
Car loan Sanwa Bank/ 8.5%/$75 fee
California
TELEPHONE
New York LENDER NUMBER
Fixed-rate 30-year HSBC Bank 800-975-4722
One-year ARM Bank of New York 800-225-5269
Home-equity line Dime Savings 800-843-3463
Car loan Dime Savings 800-843-3463
Atlanta
Fixed-rate 30-year Fidelity National 770-448-0554
One-year ARM BB&T 770-253-5017
Home-equity line Regions Bank 404-255-8550
Car loan Tucker Federal 770-908-6400
Chicago
Fixed-rate 30-year St Paul Federal 800-321-2265
One-year ARM Bank One 888-963-4000
Home-equity line St. Paul Federal 800-321-2265
Car loan Liberty Federal 630-323-1776
Phoenix
Fixed-rate 30-year Bank One/Arizona 602-221-2900
One-year ARM National Bank of 800-655-7622
Arizona
Home-equity line Fifth Third Bank 480-951-7500
Car loan Fifth Third Bank 480-951-7500
Los Angeles
Fixed-rate 30-year California Federal 800-225-3334
One-year ARM California Federal 800-225-3334
Home-equity line Washington Mutual 800-788-7000
Car loan Sanwa Bank/ 800-237-2692
California
RATE BENCHMARKS (as of August 2): PRIME: 9.5% 11TH DISTRICT COST OF FUNDS INDEX: 5.36% ONE-YEAR TREASURY INDEX: 6.06% Survey was conducted August 3. Mortgages are limited to a maximum amount of $252,700. Car-loan rates are for 48-month new-car loans of $16,000 with 20% down. For more cities and updated rates, check www.kiplinger.com; click on "Yields & Rates."
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