To: lou debiase who wrote (8 ) 4/10/1999 8:57:00 AM From: LABMAN Respond to of 24
US MORTGAGE RATES FALL.. this should cause some activity at RCCK Money Center Tax Facts File Online New! Tax Guide Tax Estimator Tax Organizer Loan arRanger Loan Center New! Mortgage Alerts DRIP Tips DSP/DRIP Center Enter Symbol: Symbol Lookup Quote News New! Chart Messages New! Broker Research Fundamental Earnings Fund Profiles SEC Filings Stock Snapshot Co. Capsule Annual Reports INVESTools DSP/DRIP New! Choose and hit Go! Portfolios Tool Descriptions Other Services Baseline Reports Signal Online CBSMW Live Software Report Industry indexes Market Monitor StockWatch Active Trader New! Beyond Stocks CyberPitch e-Gads! Futures News How To Spend It Business Travel Special Reports Technical Trading U.S. mortgages head lower By Vincent Safuto, bankrate.com Last Update: 11:25 AM ET Apr 8, 1999 Personal Finance news WASHINGTON (bankrate.com) -- Mortgage rates fell this week, according to the bankrate.com national survey of large institutions. The 30-year fixed rate fell 5 basis points to 6.96 percent and the 15-year fixed rate dropped 6 basis points to 6.59 percent. The one-year adjustable rate rose 1 basis point to 5.83 percent. A basis point is one one-hundredth of a percent. The average monthly principal and interest on a $100,000, 30-year fixed-rate mortgage fell to $663 and the payment on a 15-year loan slipped to $876. Bankrate.com's overnight survey found that the average annual percentage rate nationwide for 30-year fixed rate mortgages is 6.83 percent, down 3 basis point from Wednesday's rate. Car loans If you're looking for a new set of wheels, you'll probably need a loan to get the car of your dreams off the lot. In bankrate.com's overnight update, the lowest rate we found on 48-month new car loans is 6.25 percent at the Jacksonville Federal Credit Union in Jacksonville, Fla. Call 1-904-359-0491. The highest rate we found is 12.40 percent at First Bank Puerto Rico in San Juan-Ponce. Call 1-787-729-8200. For car loans in your area, click on auto loans. Many institutions don't provide auto loans nationwide, but you may be in a better position to bargain with your local bank if you know how its rates compare with others across the country. Overnight averages are based on bankrate.com's database of 3,500 institutions. Rates are updated throughout the week, but change all the time. For the latest, search bankrate.com's rate tables and check with the individual institution. Vincent Safuto writes for bankrate.com, which provided this story for CBS.MarketWatch.com For more breaking news, visit our Front Page. Also, search our news archives: Ticker Keyword (For more options use our Advanced Search) CBSMW MarketPlace Want the best mortgage rate around? Check out our loan center New! Find wine online. www.virtualvin.com Best Flower and Online Gift Shop: JustFlowers.com Discover all kinds of fun, innovative gifts @ sharperimage.com MarketWatch MarketPlace - Click to shop for great deals. Free Products/Trials FREE 2 week AUDIO subscription to The Wall Street Journal! New! Check out Baseline's Free Company Report of the week. Free trial subscriptions to investment newsletters. Free annual reports for hundreds of companies. FRONT PAGE NEWS INDEX HEADLINES NEWSGUIDE MARKET DATA MUTUAL FUNDS MARKET MONITOR PERSONAL FINANCE CHARTING PORTFOLIOS DISCUSSION TRADING CENTER FEEDBACK SEARCH ADVERTISING MEDIA KIT COMPANY INFORMATION MARKETWATCH RT MARKETWATCH LIVE © 1997-1999 MarketWatch.com, Inc. All rights reserved. Disclaimer. CBS and the CBS "eye device" are registered trademarks of CBS Inc. Back to Yahoo! LM