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TOM SAKASHSTAFF NEWSWRITER

News Now

April 24, 2015

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 0.49% 0.27% 0.22%
Personal Savings $1,000 0.21% 0.09% 0.12%
Personal Interest Checking $2,500 0.37% 0.15% 0.22%
NSF Fee $28.04 $30.71 $-2.67
Personal MMDA $2,500 0.18% 0.10% 0.08%
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 10.08% 10.06% 0.02%
New Auto Loan - 5 Years 2.59% 3.73% -1.14%
Used Auto Loan - 2 year Old - 4 Years 2.72% 3.97% -1.25%
HELOC - 80% LTV - $50,000 4.10% 4.34% -0.24%
HE Loan - 80% LTV - $50,000 - 15 Years 5.60% 5.82% -0.22%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.72% 3.74% -0.02%
30 Year Fixed Jumbo 3.83% 3.74% 0.09%
5/1 Year ARM Conforming 3.02% 2.92% 0.10%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.88% 10.58% -1.70%
Annual Fee $25.00 $35.43 $-10.43
Maximum Late Fee $25.81 $31.83 $-6.02
Reward 10.27% 13.43% -3.16%
Annual Fee $37.50 $93.97 $-56.47
Maximum Late Fee $22.97 $33.61 $-10.64

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.54% 3.45% 0.09%
Indirect B Tier New Auto Loan - 5 Years 5.22% 4.97% 0.26%
Indirect C Tier New Auto Loan - 5 Years 7.45% 6.50% 0.95%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Thursday, April 23, 2015. For detailed disclosures click here.

Business Rates

Market
Daily Financial Rates -- 2015-04-24

Financial Rates


Friday, April 24, 2015

03:55 AM CDT

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

TermFri
4/24
Thu
4/23
Wed
4/22
Tue
4/21
Mon
4/20
1 month0.010.010.020.030.03
3 month0.030.030.030.030.01
6 month0.090.100.090.100.08
1 year0.240.230.230.240.23
2 year0.550.570.550.550.51
3 year0.870.910.860.860.84
5 year1.371.411.351.331.31
7 year1.701.751.671.651.63
10 year1.961.991.921.901.87
20 year2.382.422.332.312.26
30 year2.632.662.582.562.51

TREASURY BILLS

Results of the April 20, 2015 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, 4/20
Week Ago
Mon, 4/13
13 weeks0.0250.025
26 weeks0.0900.105

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermFri
4/24
Thu
4/23
Wed
4/22
Tue
4/21
Mon
4/20
high0.3120.3120.3120.3120.312
low0.0700.0500.0600.0500.070
near closing bid0.0500.0800.1000.1300.100
offered0.2500.1200.1300.2500.130
effective rate20.1400.1400.1500.1500.150

FREDDIE MAC (Mortgage commitments, 30 days)

TermFri
4/24
Thu
4/23
Wed
4/22
Tue
4/21
Mon
4/20
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermFri
4/24
Thu
4/23
Wed
4/22
Tue
4/21
Mon
4/20
30 year3.2543.2313.1853.2003.164

LIBOR

TermFri
4/24
Thu
4/23
Wed
4/22
Tue
4/21
Mon
4/20
1 month0.236000.238000.237000.239000.23900
3 month0.385000.385000.386000.390000.38600
6 month0.541000.541000.539000.542000.54100
1 year0.841000.842000.842000.842000.84100

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
4/21
Week ended
4/14
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.

Seriously underwater homes rise, new-home sales tumble

Market
WASHINGTON (4/24/15)--For the first time since the second quarter of 2012, the share of seriously underwater homes increased in the first quarter, rising 0.4 percentage points from the fourth quarter, according to RealtyTrac's Home Equity and Underwater report ( Housingwire.com April 23).

On an annual basis, however, the share of homes that are seriously underwater is down 4%.

"At the end of 2014, we saw the lowest share of seriously underwater properties since we began tracking such data, but in the first quarter, that share bumped up slightly as home-price appreciation continued to slow down in many markets," said Daren Blomquist, RealtyTrac vice president.

"Most of the seriously underwater homeowners are still stuck in their homes as short sales and other foreclosure alternatives lose momentum, tilting the national home-equity scales back slightly toward a higher share of negative equity," Blomquist added.

Meanwhile, after reports of positive gains in existing-home sales Wednesday, the Census Bureau said Thursday that new-home sales took a nosedive in March.

Sales toppled by 11.4% for the month after climbing by 5.6% in February. Though new-home sales still remain strong on an annual basis, posting a 19.4% year-over-year increase for the month ( Economy.com April 23).

"The asymmetry between existing- and new-home sales in March is surprising, but not shocking, as potential homebuyers often turn to existing homes if they judge that new homes are overpriced," said Andres Carbacho-Burgos, Moody's analyst ( Economy.com ). "Also, new-home sales had been increasing strongly in the past three months, drawing down the number of potential new-home buyers."

News of the Competition (4/24/15)

Market
  • SAN FRANCISCO (4/24/15)-- Wells Fargo has picked up three digital technology startup companies through its accelerator program that it hopes will help the big bank grapple with digital fraud detection, improve the customer experience and bolster cloud computing services ( American Banker April 22). The startups--Context 360, Motion Savvy and Bracket Computing--were picked from a field of 300 applicants vying to work with the massive financial institution through the accelerator program. Wells Fargo's decision to pair up with such technology firms is the latest example of banks looking to nonbank firms for help in competing in the digital world, according to American Banker . In fact, a recent paper from Gartner encouraged banks to consider bringing in experts in customer engagement from outside the financial services industry to help them improve their customer service ...
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