National Average Interest Rates

Here’s a slice of national average interest rates for credit cards, CD’s, auto loans, mortgages, and home equity, via Bankrate.

Credit Cards
Standard Fixed: 13.42%
Standard Variable: 14.09%

CD’s
1-year: 3.51% (+1 basis points (one-hundredth of one percentage point))
5-year: 3.87% (no change)

Auto loan:
60-month, new car: 7.6% (-1)
36-month, used card: 8.44% (-2)

Mortgages
30-year fixed: 6.17% (-12)
15-year fixed: 5.85% (-7)
Jumbo 30-year: 7.24% (+4)
5/1 ARM: 6.21% (+6)
One-year ARM: 6.08% (+8)

Home Equity
Line of credit: 7.62% (no change)
Loan: 8.03% (-1)

How do your loans and investments measure up?

Interest Rate Roundup [Bankrate]
(Photo: Getty)

Comments

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  1. mexifelio says:

    Glad I just transfered my high balances over to a 1.9% that will last a year long. Plenty of time to pay it of right….?
    :-)

  2. HRHKingFriday says:

    I’ve seen several Auto Loans at 4-5%, provided you actually have some kind of downpayment. Which most people don’t. Sad.

  3. humphrmi says:

    LOL ARMs are more expensive than fixed now. That’s great. :)

  4. johnny3 says:

    11.9% credit card, it’s my first.
    And 4.9% CD.

  5. yagisencho says:

    Wow, glad we opened our CD account in September (5.05%). We’re constantly harranged to put more into savings, but at 3.51%? Meh.

  6. smitty1123 says:

    @mexifelio: Just did the same. Plus, January is a 3 paycheck month, so that’ll help a ton.

  7. z4ce says:

    Does anyone have any idea why in country’s like Australia the credit card/mortgage rates basically equal the CD/savings account rate? For example, right now I am earning %7.00 in an savings account in Australia while a home loan is going for %7.35. Any idea why in America there is a huge gap between the two?

  8. sleze69 says:

    @z4ce: Is it possible for someone in the US to open a savings account in Australia?

  9. hinten says:

    @sleze69:
    Yes, and while we’re at it: Why can’t I have a Japanese mortgage at 0.5% for a house in the US?

  10. z4ce says:

    Well, I am an American that just recently moved to Australia and opened a bank account easily enough. So certainly if you visit Australia its easy. I imagine if you were to call a bank like say NAB, Robo, Common Wealth, etc they probably have a way of opening bank accounts without actually requiring a physical presence.

    Of course, you run the risk of the currency deprecating against the U.S. dollar. Right now the Aussie dollar is at historic highs, so it quite possible (especially with a labour (more socialist) that just took control) that the currency will deprecate at a rate that will make it unfavorable for U.S. investors.

  11. benh57 says:

    5.375%, 30 yr fixed on my $430k condo which I got in Feb.
    Had to pay points to get that rate, though so i need to own it about 7 years.

  12. Trai_Dep says:

    @z4ce: “it quite possible (especially with a labour that just took control) that the currency will deprecate…”

    Yeah, because the economy of Bush I, Bush II and Reagan were so much better than that of FDR and Clinton.

    Conservatives are craptastic for the economy, because they promise everything, then pawn off the costs on young children to pay off. While interfering with the market to reward their cronies. And sexing boys or foot-tapping in men’s rest rooms, but maybe that’s simply an American thing.

  13. bonzombiekitty says:

    CDs are under 4% I’m getting more than that with my savings account at fnbodirect

  14. darkened says:

    @TRAI_DEP yes the economy legacy of Reagan and Bush I was stellar, that was the economy Bill Clinton had to work with, the economy Bush II has had to work with is the left over fallout from Clinton’s administration. Get your facts straight the economy doesn’t change in seconds, it takes most of a presidents term if not all of it for the economic policies to actually come to fruition. This excludes the possibilities of arguing that our foreign policy has artificially increased the prices of imported products such as oil. However that doesn’t seem to be the case and is more the direct result of the federal reserve which is the truest evil organization in the USA.

    Ron Paul for an American dollar thats worth more than the paper it’s printed on.

  15. TheBigLewinski says:

    For CD’s, try ING Direct, they offer some of the best rates in the country. The downside is you have to go on-line unless you are fortunate to live near one of their few branche offices.

    I also have a checking account with they just to reap the 4.9% return. It is simple to transfer money electronically between ING accounts and your primary checking account.

  16. anatak says:

    “How do your loans and investments measure up?”

    Great!

    Credit Cards
    N/A, no credit cards

    CD’s
    N/A, CD’s suck

    Auto loan:
    N/A, paid-for

    Mortgages
    30-year fixed: 6.17% (-12)

    5.5%

    Home Equity
    N/A, not falling for that one

  17. wezelboy says:

    @darkened: Get YOUR facts straight. The massive deficit spending under Reagan and Bush 1 isn’t exactly what I would call a stellar economic legacy.

  18. Trai_Dep says:

    …He’s a Paultard. There’s really no point in discussing economics with them, since they’re completely divorced from facts, reality or the give-and-take that normally takes place when conversing among adults. Besides, don’t you know that, once we’re back on the Gold Standard, recessions, depressions, inflation and deficits will disappear? Because… Because… Well just because, damn it!