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Is 5 Interest Rate Good

Very good, the lowest I have seen is 7.9% in the UK and 5.019% in the USA both over 15 years,though these rates vary widely from state to state.

Your Credit. Another factor that influences the interest rate car loan lenders give is how good or bad your credit it. Lenders will look at your credit score, your income and how much you’re providing as a down payment. If you’ve got great credit and a low debt to income ratio, lenders will usually give you their lowest available interest rate.

Interest rates of 4 percent or lower can be considered good rates on a new car loan, as of 2015. Interest rates on car loans fluctuate considerably with market interest rates, the borrower’s credit score, the repayment term of the loan and whether the car is new or used.

5% is definitely the higher end, even with interest rates that have been steadily rising since February, but this does depend on what the average for NC looks like it is (looks like a 30 year fixed is around 4.55%), as well as the amount of downpayment you have.

More rate cuts would be unprecedented. It would take official interest rates from their current level of 1 per cent down to just 0.5 per cent. (The official interest rate is the rate banks pay when.

If you have a truly ideal credit profile and loan scenario, a few of the more aggressive lenders are quoting conforming, 30yr fixed mortgage rates at 3.5% today. Almost all other lenders are only.

YES, 5% is a great rate – for most people, most of the time, especially when you consider historic interest rates going back 20 -30 years. I believe that any rate a half per cent either side of 5% is fantastic.

Today’s Mortgage Rates and Refinance rates. 15-year fixed-rate jumbo 4.375% 4.391% 7/1 ARM Jumbo 4.125% 4.649% Rates, terms, and fees as of 8/24/2018 10:15 AM Eastern Daylight Time and subject to change without notice. Select a product to view important disclosures, payments, assumptions, and APR information. Please note we offer additional home loan options not displayed here.

(Mortgage Points ) Should I Pay Points to buy a lower interest rate! Based on my past 3-6 months experience, if you are just talking interest rate for 30 years fixed with 30 amortization and 20% down for a good credit score. That’s a bad rate. You can get it at 5% rate easily if you shop around. Talk to a few mortgage broker and shop around. Be patient and get the best deals.

Economist Mohamed El-Erian says he expects the Federal Reserve will cut interest rates again. The ECB reduced its main.

Average Interest Rate On Loan Weighted Average Formula. To figure the weighted average interest rate, multiply the balance of each loan by the interest rate. Next, add the results together to find the total per weight loan factor. Third, divide the result by the total of all the loans. For example, say you owe $3,000 at 5 percent, $5,000 at 4 percent and $2,000 at 7 percent.