|
Rates: 8.09 percent (48-month, new car); 9.12 percent
(36-month, used car)
 Used-car
loan rates were unchanged, while new-car loan rates
declined 2 basis points to 8.09 percent. A basis point
is one-one hundredth of one percentage point. With only
a small minority of borrowers, approximately 15 percent,
actually qualifying for zero-percent financing, lenders
are doing a brisk business as auto sales remain strong.
Used-car loan rates were unchanged, while new-car loan
rates declined 2 basis points to 8.09 percent.
|
Yields
on deposit products continue to decline to unappealingly
low levels. Any substantive reversal appears unlikely
in the near future, with yields headed lower rather than
higher. Short-term maturities allow investors the flexibility
to capitalize on higher yields in the future, without
locking in for too long at the current low yields.
Rate
Alerts
