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August 1, 2014

Consumer Rates

Market

Informa Research Services, Inc.
Daily Rate Comparison

Informa Research Services, Inc.
Deposit Products Credit Unions Bank Average Difference
12 Month CD $10,000 0.45% 0.28% 0.17%
Personal Savings $1,000 0.21% 0.10% 0.11%
Personal Interest Checking $2,500 0.35% 0.15% 0.20%
NSF Fee $27.83 $31.98 $-4.15
Personal MMDA $2,500 0.17% 0.10% 0.07%
Business MMDA $2,500 0.17% 0.09% 0.08%

Consumer Loan Products Credit Unions Bank Average Difference
Unsecured Personal Loan - $5,000 - 4 Years 10.16% 10.43% -0.27%
New Auto Loan - 5 Years 2.59% 3.83% -1.24%
Used Auto Loan - 2 year Old - 4 Years 2.77% 4.02% -1.25%
HELOC - 80% LTV - $50,000 4.18% 4.42% -0.24%
HE Loan - 80% LTV - $50,000 - 15 Years 5.68% 6.02% -0.34%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 4.17% 4.28% -0.11%
30 Year Fixed Jumbo 4.23% 4.22% 0.01%
5/1 Year ARM Conforming 2.95% 2.92% 0.03%

Credit Card Products Credit Unions Bank Average Difference
Platinum 9.17% 11.03% -1.86%
Annual Fee $25.00 $48.60 $-23.60
Maximum Late Fee $26.22 $34.29 $-8.07
Reward 9.95% 11.94% -1.99%
Annual Fee $26.71 $99.75 $-73.04
Maximum Late Fee $22.48 $33.15 $-10.67

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.59% 3.76% -0.17%
Indirect B Tier New Auto Loan - 5 Years 5.33% 5.30% 0.03%
Indirect C Tier New Auto Loan - 5 Years 7.50% 6.71% 0.79%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Thursday, July 31, 2014. For detailed disclosures click here.

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Business Rates

Market
Daily Financial Rates -- 2014-08-01

Financial Rates


Friday, August 1, 2014

03:55 AM CDT

TREASURY YIELD CURVE
(based on the $1 million market)

TermFri
8/1
Thu
7/31
Wed
7/30
Tue
7/29
Mon
7/28
1 month0.010.030.030.030.03
3 month0.030.040.020.040.03
6 month0.050.060.060.060.06
1 year0.120.130.120.110.11
2 year0.530.560.540.540.53
3 year1.021.040.001.010.98
5 year1.761.771.701.731.69
7 year2.242.242.142.172.14
10 year2.582.572.472.502.48
20 year3.073.062.973.012.99
30 year3.323.313.223.263.24

TREASURY BILLS

Results of the July 28, 2014 auction of short-term U.S. government bills, sold at a discount from face value in units of $10,000 to $ 1 million

TermLatest
Mon, 7/28
Week Ago
Mon, 7/21
13 weeks0.0300.025
26 weeks0.0550.055

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermFri
8/1
Thu
7/31
Wed
7/30
Tue
7/29
Mon
7/28
high0.3120.3120.3120.3120.312
low0.0400.0500.0500.0500.050
near closing bid0.0500.0700.0600.0600.070
offered0.0600.2800.2800.0900.100
effective rate20.1100.1300.1200.1200.120

FREDDIE MAC (Mortgage commitments, 30 days)

TermFri
8/1
Thu
7/31
Wed
7/30
Tue
7/29
Mon
7/28
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermFri
8/1
Thu
7/31
Wed
7/30
Tue
7/29
Mon
7/28
30 year3.8423.7723.7773.7843.807

LIBOR

TermFri
8/1
Thu
7/31
Wed
7/30
Tue
7/29
Mon
7/28
1 month0.218000.218000.220000.220000.22600
3 month0.370000.374000.375000.372000.38000
6 month0.538000.542000.541000.539000.54600
1 year0.847000.850000.851000.850000.85500

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
7/29
Week ended
7/22
90 days0.230.23

NA: Data not available at time of page generation (shown at top of page)

Sources:
Wall Street Journal
U.S. Dept. of the Treasury


All rates are from the previous business day unless otherwise noted. ReadMore

Other Resources

FHFA: Mortgage rates down

Market
WASHINGTON (8/1/14)--Interest rates on mortgages decreased from May to June nationwide, according to an index of new mortgage contracts from the Federal Housing Finance Agency (FHFA).
 
The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.08% for loans closed in late June. The index is calculated using FHFA's Monthly Interest Rate Survey.  The contract rate on the composite of all mortgage loans was 4.09% in June, a decrease from 4.13% in May.
 
Interest rates are typically locked in 30 to 45 days before a loan is closed.  Consequently, the June index reflects market rates from mid-to-late May. The effective interest rate was 4.24 percent in June, down 4 basis points from 4.28 percent in May. The effective interest rate accounts for the addition of initial fees and charges over the life of the mortgage.
 
FHFA's interest rate survey shows the average interest rate on conventional, 30-year, fixed-rate mortgages of $417,000 or less was 4.34 in June, a decrease of 3 basis points. The average loan amount for all loans was $292,200 in June, up $9,600 from $282,600 in May. ReadMore

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