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This week's personal loan rates rise for 3-year terms, fall for 5-year terms

Posted on AllSides May 2nd, 2024
From The Right

Borrowers with good credit seeking during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between April 25 and May 1: • Rates on 3-year fixed-rate loans averaged 16.32%, up from 15.14% the seven days before and from 13.71% a year ago. • Rates on 5-year fixed-rate loans averaged 19.07%, down from 20.46%...

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https://foxbusiness.com/personal-finance/personal-loan-rates-may-2-2024

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