Low Loan Rates Around The U.S - comparison of loan rates - Brief Article

Kiplinger's Personal Finance Magazine, July, 1999

LOW LOAN RATES AROUND THE U.S.

                                            RATE/DESCRIPTION
Boston              LENDER                  (INDEX PLUS MARGIN)

Fixed-rate          Cambridge Savings       6.75%/2 pts.
 30-year
One-year ARM        Eastern                 4.75%/2 pts.
                                            (Treasury index + 2.88)
Home-equity fine    Eastern                 6.75%/1 year,
                                            $7,500-$250,000 (prime)
Car loan            Eastern                 7.99%/$25 fee

Charlotte
Fixed-rate          First-Citizens          6.75%/1 pt.
 30-year
One-year ARM        Central Carolina        4.88%/1 pt.
                                            (Treasury index + 2.75)
Home-equity line    First Charter           8.25%/$10,000-$150,000
                    National                (prime + 0.5)
Car loan            First Union National    7.49%/2% fee

St. Louis
Fixed-rate          NationsBank             6.88%/1.38 pts.
 30-year
One-year ARM        Equality Savings        5.75%/1 pt.
                                            (Treasury index + 2.75)
Home-equity line    Commerce                6.9%/6 mos., $10,000
                                            minimum (prime + 1)
Car loan            First Bank              7.25%/$15 fee

Denver
Fixed-rate          Liberty Savings         6.88%/1 pt.
 30-year
One-year ARM        FirstBank of            5.63%/1 pt.
                    Colorado                (Treasury index + 2.75)
Home-equity line    Liberty Savings         6.75%/6 mos.,
                                            $10,000-$30,000
                                            (prime + 1.5)
Car loan            Vectra Bank             8%/$50 fee

Seattle
Fixed-rate          Continental Savings     6.5%/3.25 pts.
 30-year
One-year ARM        Continental Savings     5;38%/1.63 pts.
                                            (Treasury index + 2.75)
Home-equity line    KeyBank                 7.75%/$5,000 minimum
                                            (prime)
Car loan            Washington Mutual       8.13%/1% fee
                       TELEPHONE
Boston                 NUMBER

Fixed-rate             617-864-8700
 30-year
One-year ARM           800-327-8376
Home-equity fine       800-327-8376
Car loan               800-327-8376
Charlotte
Fixed-rate             888-323-4732
 30-year
One-year ARM           704-347-6089
Home-equity line       704-788-0457
Car loan               704-374-6161
St. Louis
Fixed-rate             314-466-6000
 30-year
One-year ARM           314-352-3333
Home-equity line       800-292-1601
Car loan               618-632-3664
Denver
Fixed-rate             303-355-6637
 30-year
One-year ARM           303-232-2000
Home-equity line       303-355-6637
Car loan               303-758-6000
Seattle
Fixed-rate             800-654-1075
 30-year
One-year ARM           800-654-1075
Home-equity line       800-333-9993
Car loan               800-756-8000

RATE BENCHMARKS (as of May 7): PRIME: 7.75% 11TH DISTRICT COST OF FUNDS INDEX: 4.25% ONE-YEAR TREASURY INDEX: 4.73% Survey was conducted May 7. 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".3