Study: Blacks pay higher auto loan rates As if we didnt know this already?brandley_1999 asked: WASHINGTON – Blacks have been charged higher auto loan rates than other auto buyers, federal research says. But the gap in loan rates could narrow, and possibly disappear, as the result of recently concluded lawsuits. ADVERTISEMENT Blacks paid a typical auto loan rate of 7 percent for new cars, compared with a rate [...] Whats to think of the Federal’s cutting the interest rate again?angelikabertrand64 asked: What to think of that? More confusing for us the consumer? More digesting over home loan and mortgage rates? Or in the long haul something positive for us?KEITH Need help figuring interest and payments for a short term loan?Savannah B asked: I am a wedding photographer and one of my clients is now in breech of contract for nonpayment. I have no use for her pictures and would prefer to have my $$. In my contract I financed interest free for 4 months with payment due before wedding. Bride had sob story and [...] Is there a difference between a 5/1 ARM Loan and what’s called a Program 12MAT-1 loan?jinxies asked: Refinancing our house and our broker has explained that in order to best give us an option to pay off some consumer debt, the ARM loan is what will work (too much income to debt). Noticed a Program 12Mat-1 loan in the disclosure but had thought we were going with a 5/1 ARM. [...] What does it mean when “Federal Reserve cut the federal funds and discount rates by a half-point each”?du3nmd asked: What exactly does it mean to consumers who have mortage loans, personal loans (credit cards, car loans, etc…), and savings accounts (money market accounts, CD’s, etc…)?GERALD |