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News Now

January 26, 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 0.48% 0.28% 0.20%
Personal Savings $1,000 0.20% 0.10% 0.10%
Personal Interest Checking $2,500 0.37% 0.15% 0.22%
NSF Fee $28.03 $30.69 $-2.66
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 10.11% 10.20% -0.09%
New Auto Loan - 5 Years 2.61% 3.89% -1.28%
Used Auto Loan - 2 year Old - 4 Years 2.75% 4.04% -1.29%
HELOC - 80% LTV - $50,000 4.11% 4.37% -0.26%
HE Loan - 80% LTV - $50,000 - 15 Years 5.63% 5.90% -0.27%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.66% 3.72% -0.06%
30 Year Fixed Jumbo 3.77% 3.85% -0.08%
5/1 Year ARM Conforming 2.96% 2.89% 0.07%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.85% 10.43% -1.58%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.51 $31.75 $-6.24
Reward 10.10% 13.02% -2.92%
Annual Fee $28.50 $94.15 $-65.65
Maximum Late Fee $22.21 $33.02 $-10.81

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.58% 3.63% -0.05%
Indirect B Tier New Auto Loan - 5 Years 5.29% 5.20% 0.09%
Indirect C Tier New Auto Loan - 5 Years 7.45% 6.65% 0.80%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Sunday, January 25, 2015. For detailed disclosures click here.

Business Rates

Market
Daily Financial Rates -- 2015-01-26

Financial Rates


Monday, January 26, 2015

03:55 AM CST

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

TermMon
1/26
Fri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
1 month0.020.020.010.010.02
3 month0.020.030.030.030.03
6 month0.070.080.080.080.07
1 year0.170.170.170.170.17
2 year0.520.530.530.530.49
3 year0.860.900.870.850.80
5 year1.331.391.351.311.29
7 year1.621.691.661.611.60
10 year1.811.901.871.821.83
20 year2.122.212.202.152.17
30 year2.382.462.442.392.44

TREASURY BILLS

Results of the January 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
Tue, 1/20
Week Ago
Mon, 1/12
13 weeks0.0250.025
26 weeks0.0750.085

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermMon
1/26
Fri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
high0.3120.3120.3120.3120.312
low0.0300.0300.0300.0600.040
near closing bid0.0600.0500.0800.0800.040
offered0.2700.1000.1200.1000.090
effective rate20.1300.1300.1300.1300.130

FREDDIE MAC (Mortgage commitments, 30 days)

TermMon
1/26
Fri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermMon
1/26
Fri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
30 year3.2183.2583.1943.1903.024

LIBOR

TermMon
1/26
Fri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
1 month0.234000.233000.236000.234000.23100
3 month0.385000.384000.384000.385000.38400
6 month0.538000.539000.539000.541000.53800
1 year0.839000.840000.841000.840000.83700

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
1/21
Week ended
1/13
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.

Existing-home sales fall in 2014, 1st drop since 2010

Market
WASHINGTON (1/26/15)--For the first time in four years, existing-home sales took a step back in 2014, despite consistently low mortgage rates and a strengthening labor market ( MarketWatch Jan. 23).

Existing-home sales fell to 4.93 million units for the year, a 3.1% annual drop, according to numbers from the National Association of Realtors (NAR).

"All the indicators would have pointed to higher sales," said Lawrence Yun, NAR chief economist, referring to the stronger job market, the improved consumer confidence and the thinning mortgage rates that marked 2014 ( MarketWatch) .

Instead, the economy saw a sales performance that Yun called "mildly disappointing."

Yun still expects, however, that sales will rebound in 2015, as pent-up demand should translate into a healthier market this year.

The final month of 2014 may have signaled the beginning of such an improvement.

In December, existing-home sales rose 2.4% on a seasonally adjusted annualized basis. Led by single-family homes, the monthly performance pushed sales 3.5% above levels seen in December 2013 ( Economy.com Jan. 23).

By home type, single-family homes jumped 3.5% in December and sit 4% higher year-over-year, while condominium and co-op sales fell 5% and remain level with their year-ago numbers.

Further, the market for single-family homes tightened significantly in December, according to Moody's.

Single-family inventory dropped 11.9% during the month, and the ratio of inventory to sales fell to 4.4 months from 5.1 months in November.

The West region posted the highest monthly increase in existing-home sales with a 9.8% jump, while the Midwest posted the weakest month with a 3.5% step back in December.

Nationally, the median price for single-family homes came in at $210,200 in December, a 1.1% increase month-over-month and a 6.3% jump year-over-year.

News of the Competition (1/26/15)

Market
  • NEW YORK (1/26/15)-- The forfeiture of billions of dollars in settlement money helped fuel decreases in profit for America's six largest banks in 2014, the first step back in earnings for the group in six years ( The Wall Street Journal Jan. 23). Collectively, the big banks--which include JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley--posted $72.52 billion in profits last year, down from $77.13 billion in 2013. Goldman Sachs and Wells Fargo posted positive earnings for the year. The settlement money used by a number of the big banks to resolve accusations of illegal lending practices that helped cause the financial crisis in 2008 played an especially big role in the decline in profits for Bank of America and Citigroup , which saw net income fall 58% and 46% respectively on an annual basis, The Wall Street Journal reported. Further, return on average assets also fell for the group, dropping to 0.74% from 0.80% in 2013, according to SNL Financial ...
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