NEW CAR LOANS RATES NEWS & INFORMATION
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Thursday, January 08, 2009
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LATEST NEW CAR LOANS RATES NEWS:
Fewer apply for home loans; credit line delinquencies increase
The average interest rate for 30-year mortgages rises, while rates for 15-year and adjustable-rate loans fall. Fewer Americans applied for mortgages last week and more have been missing payments on their home equity lines of credit, according to surveys released Wednesday. Half of potential US car buyers delayed purchase: survey Nearly half of potential US car buyers have put off buying a new vehicle as economic uncertainty caused many to reassess the value of their current vehicle, a survey released Thursday found. Upside-down auto loans Long-term auto loans and low down payments, coupled with falling values, are leaving some drivers "upside down" -- owing more than their vehicles are worth. Auto news in brief: Credit union loans grow General Motors Corp. and Chrysler LLC, trying to boost sales after getting emergency federal loans, on Wednesday broadened pilot incentive programs at credit unions to the entire United States. Auto lenders set to revise interest rates Leading auto financiers are set to revise interest rates on auto loans, following the reduction in cash reserve ratio, repo rate and reverse repo rate by the Reserve Bank of India on January 2. Car dealerships slash prices to drive traffic By all accounts it's a great time to buy a new car. Manufacturers are willing slash thousands off sticker prices and offer interest-free money. Car sales: No ‘EZ credit’ signs these days The worldwide financial crunch is hampering those in the Central Susquehanna Valley who want to borrow money to buy a new car. |




