New Home Sales Rise 4.7% In February

The Commerce Department reported that new home sales rose 4.7% after a record low January. This came quite unexpectedly and amidst one of the worst housing declines in history. Those cheering suggest there is a bottoming out of the housing numbers, and point to stabilizing mortgage rates for the past few weeks. Many believe interest rates cannot drop any further.

The Problem with February’s Housing Numbers

While this is a good start to an expected dismal year, there are still many factors working against a real bottom and possible rebound for the housing industry. February’s sales pace is still down more than 40% from this month last year, and January was the lowest on record since 1963. Southern housing markets saw the largest sales gains at 9.7%, and the West followed with a 6.6% rise. First-time buyer tax credits may have contributed to the overall rise as well.

An Abundance of Supply

While results were good for the month, overall, there are a number of factors working against a housing recovery, including excess surplus. There is still a 12.2 month supply of homes left at this current pace, noticeably higher than a 9.2 month supply for February of 2008. An increase in unemployment and rising foreclosure rates has also conspicuously affected home purchases throughout the country as the labor market worsens.

The stance of many economists is still wary. They are uncertain that sales will increase, and their responses signify that there is no true evidence of a market bottom. What is your opinion of the housing data? If you are considering buying a home, are you holding off until there is a clear bottom signal?

Garland Auto Loan Rates

You don’t care if all your friends have large SUV’s and pick up trucks. You want to buy a reliable gently used compact or hybrid car to keep extra green in your pocket and to be green in general. Use Garland Banking Rates to locate the best used Garland car loan rates in town and get the financial resources you desire to purchase the car your require.

At first your friends may taunt you about the size of your new wheels, but when they see how little cash takes to fill your tank and how the chicks dig a green guy, they may start researching used car interest rates in Garland and turn in their wheels.

How Your Credit Score Affects Auto Loan Rates

As with any type of personal loans, having a high credit score will help you secure the lowest rates on your auto loan. Make regular, on-time payments to your credit card accounts and keep your balance low compared to your credit limit and it is likely that banks and lenders will increase your limit and offer you a more competitive interest rate.

Lenders like to see high limits with low balances, because it demonstrates you are trustworthy and responsible with your spending, credit and time management.
If you have a low credit score, especially lower than 600, you may want to quickly get a copy of your credit report and see where you can improve your score.

Before you apply for a Garland auto loan, be sure to get your free credit report.

For help with improving your Credit Score, you can visit www.GoLookOnline.com

Compare Car Loan Rates

Garland Banking Rates can help you compare bank rates and auto loan rates before you purchase your new vehicle. In order to make an informed and wise purchase decision that suits your needs, there are several factors you should evaluate.

What you should consider before choosing an auto loan:

• Is the vehicle youve chosen is within your budget?
• Do you want to purchase a new or used vehicle?
• Should you lease or purchase your vehicle?

Dealerships will often cover all of your options before you make your purchase, but if you are looking for a no-haggle loan, Garland Banking Rates can help you figure out how much vehicle you can afford and what the best vehicle purchase will be for your budget before you even speak to a salesperson.

Submit your information today to compare the most competitive auto loan rates.

Getting a Low Garland, TX Auto Loan Rate

Typically, if you are buying a used car versus a new car in Garland, Auto Loan Rates will be a little higher (up to 1% more). Auto Loan companies are looking at the value of the car, and your ability to make payments back to them in a timely manner. If you are purchasing a car in good condition or a new car, these companies can offer desirable and competitive loan rates because if a borrower does not make payments their payments, then the company can take back the car and try to sell it to get their money back.

The terms of your auto loan can also affect the interest rates. If you choose a 36-month repayment term, you are more likely to get lower interest rates. If you choose a longer term, not only can your interest rates be higher, but you will pay more interest on your auto loan in the long term.

Garland Banking Rates will match you with a lender that wants to work with you, and understands your credit rating. By working with the right company, you can secure a low interest rate auto loan.

Auto Loan Approval Process in Garland, TX

At Garland Banking Rates, you can complete some basic information about your credit and financial situation in order to be matched with the lender, bank or auto loan company who is most interested in helping you get approved for an auto loan. Interest rates change all the time, and Garland Banking Rates highly recommends you always do your research to find the latest auto loan rates. This site updates rates every day to keep our customers well informed, and to give them the information they need to be prepared to talk to our auto loan partners and secure the best rate.