Low Loan Rates Around The U.S

Kiplinger's Personal Finance Magazine, June, 1999

New York             LENDER

Fixed-rate 30-year   HSBC
One-year ARM         Astoria Federal
Home-equity line     Astoria Federal
Car loan             Independence Bank

Atlanta

Fixed-rate 30-year   Tucker Federal
One-year ARM         First Union
Home-equity line     First Citizens
Car loan             First Union

Chicago

Fixed-rate 30-year   LaSalle Bank
One-year ARM         Financial Federal
Home-equity line     Citibank
Car loan             Harris Trust

Phoenix

Fixed-rate 30-year   Bank of America
One-year ARM         Bank of America
Home-equity line     M&I Thunderbird
Car loan             National Bank of Arizona

Los Angeles

Fixed-rate 30-year   California Federal
One-year ARM         Bank of America
Home-equity line     California Federal
Car loan             Washington Mutual

New York             RATE/DESCRIPTION (INDEX PLUS MARGIN)

Fixed-rate 30-year   6.5%/2.25 pts.
One-year ARM         4.88%/0 pts. (Treasury index + 2.75)
Home-equity line     5.75%/6 mos., $7,500 min. (prime)
Car loan             7%

Atlanta

Fixed-rate 30-year   6.5%/2.5 pts.
One-year ARM         4.75%/2.5 pts. (Treasury index + 2.75)
Home-equity line     6.75%/6 mos., $10,000 min. (prime + 1.5)
Car loan             7.49% to 9.1%

Chicago

Fixed-rate 30-year   7%/0.25 pt.
One-year ARM         6%/0 pts. (Treasury index + 2.88)
Home-equity line     7.75%/6 mos., $15,000-$500,000 (prime)
Car loan             7.49%

Phoenix

Fixed-rate 30-year   6.88%/1 pt.
One-year ARM         5.13%/2 pts. (Treasury index + 2.88)
Home-equity line     4.9%/6 mos., $5,000-$100,000 (prime + 1.25)
Car loan             8.25%

Los Angeles

Fixed-rate 30-year   6.38%/3.23 pts.
One-year ARM         5.88%/0 pts. (Treasury index + 2.75)
Home-equity line     5.75%/6 mos., $10,000-$250,000 (prime + 1.25)
Car loan             8.25%/$60 fee

                      TELEPHONE
New York                NUMBER

Fixed-rate 30-year   800-962-7463
One-year ARM         800-537-4888
Home-equity line     800-537-4888
Car loan             800-732-3434

Atlanta

Fixed-rate 30-year   770-908-6400
One-year ARM         800-733-4008
Home-equity line     770-253-5017
Car loan             800-733-4008

Chicago

Fixed-rate 30-year   312-443-2000
One-year ARM         708-460-9220
Home-equity line     312-977-5000
Car loan             888-340-2265

Phoenix

Fixed-rate 30-year   800-284-8491
One-year ARM         800-284-8491
Home-equity line     888-464-5463
Car loan             602-235-6000

Los Angeles

Fixed-rate 30-year   800-225-3334
One-year ARM         800-219-9147
Home-equity line     800-225-3334
Car loan             800-788-7000

RATE BENCHMARKS (as of April 7): PRIME: 7.75% 11TH DISTRICT COST OF FUNDS INDEX: 4.56% ONE-YEAR TREASURY INDEX: 4.72% Survey was conducted April 9. Mortgages are limited to a maximum amount of $240,000. 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."