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Informa Research Services, Inc.
Daily Rate Comparison

Informa Research Services, Inc.
Deposit Products Credit Unions Bank Average Difference
12 Month CD $10,000 0.46% 0.28% 0.18%
Personal Savings $1,000 0.21% 0.10% 0.11%
Personal Interest Checking $2,500 0.35% 0.15% 0.20%
NSF Fee $27.89 $32.04 $-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 10.15% 10.41% -0.26%
New Auto Loan - 5 Years 2.57% 3.82% -1.25%
Used Auto Loan - 2 year Old - 4 Years 2.76% 4.03% -1.27%
HELOC - 80% LTV - $50,000 4.13% 4.41% -0.28%
HE Loan - 80% LTV - $50,000 - 15 Years 5.67% 5.99% -0.32%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 4.12% 4.16% -0.04%
30 Year Fixed Jumbo 4.21% 4.04% 0.17%
5/1 Year ARM Conforming 2.92% 2.89% 0.03%

Credit Card Products Credit Unions Bank Average Difference
Platinum 9.02% 10.77% -1.75%
Annual Fee $25.00 $58.20 $-33.20
Maximum Late Fee $26.03 $33.79 $-7.76
Reward 10.00% 12.25% -2.25%
Annual Fee $26.71 $101.27 $-74.56
Maximum Late Fee $22.58 $33.20 $-10.62

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.60% 3.76% -0.16%
Indirect B Tier New Auto Loan - 5 Years 5.34% 5.30% 0.04%
Indirect C Tier New Auto Loan - 5 Years 7.52% 6.75% 0.77%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Tuesday, August 26, 2014. For detailed disclosures click here.

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Business Rates

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Daily Financial Rates -- 2014-08-27

Financial Rates


Wednesday, August 27, 2014

03:55 AM CDT

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

TermWed
8/27
Tue
8/26
Mon
8/25
Fri
8/22
Thu
8/21
1 month0.040.020.040.030.04
3 month0.030.040.030.020.04
6 month0.050.050.060.060.06
1 year0.120.110.100.100.12
2 year0.520.530.530.490.49
3 year0.980.990.980.950.94
5 year1.681.691.681.641.65
7 year2.082.092.102.082.09
10 year2.392.392.402.412.43
20 year2.892.882.902.922.95
30 year3.153.133.163.193.22

TREASURY BILLS

Results of the August 25, 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, 8/25
Week Ago
Mon, 8/18
13 weeks0.0300.030
26 weeks0.0500.050

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermWed
8/27
Tue
8/26
Mon
8/25
Fri
8/22
Thu
8/21
high0.5160.3120.3120.3120.312
low0.0800.0500.0500.0500.050
near closing bid0.0800.0700.0800.0800.060
offered0.1100.2800.1000.1000.080
effective rate20.0800.1200.1100.1200.110

FREDDIE MAC (Mortgage commitments, 30 days)

TermWed
8/27
Tue
8/26
Mon
8/25
Fri
8/22
Thu
8/21
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermWed
8/27
Tue
8/26
Mon
8/25
Fri
8/22
Thu
8/21
30 year3.7133.7173.7333.7793.762

LIBOR

TermWed
8/27
Tue
8/26
Mon
8/25
Fri
8/22
Thu
8/21
1 month0.212000.211000.211000.209000.21000
3 month0.366000.362000.362000.361000.36500
6 month0.544000.538000.538000.536000.53400
1 year0.847000.842000.842000.842000.84200

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
8/26
Week ended
8/19
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.

Other Resources

Aug. consumer confidence highest since 2007

Market
NEW YORK (8/27/14)--Experiencing its fourth consecutive monthly increase, the Conference Board Consumer Confidence Index for August hit its highest mark since October 2007.
 
The index rose 2.1 points to 92.4 from a revised 90.3 in July. The present situation index increased to 94.6 from 87.9, while the expectations index edged down to 90.9 from 91.9 in July.
 
"Consumer confidence increased for the fourth consecutive month as improving business conditions and robust job growth helped boost consumers' spirits," said Lynn Franco, director of economic indicators at the Conference Board.
 
"Looking ahead, consumers were marginally less optimistic about the short-term outlook compared to July, primarily due to concerns about their earnings," Franco said, adding, "Overall, however, they remain quite positive about the short-term outlooks for the economy and labor market."
 
Consumers' assessment of the job market was more positive, with an increase to 18.2% from 15.6% of those stating jobs are "plentiful."  Respondents claiming jobs are "hard to get" declined marginally to 30.6% from 30.9%.
 
"Aside from the glowing review offered by consumers of the job market, the share of negative responses is trending at recovery lows in nearly every survey segment," noted Moody's analysts (Economy.com Aug. 26). "Fewer consumers think business conditions are bad, and few think they will get worse."
 
Despite a relatively bright path ahead, consumers are giving a chilly reception to the idea of purchasing homes, major appliances or a car within the next six months. Moody's noted that a "huge upswing in consumer spending" shouldn't be expected.

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Moderation seen in housing price recovery, reports note

Market
WASHINGTON (8/27/14)--The increase in home prices has slowed, leading to a moderate housing market, according to numbers released Tuesday.
 
The S&P/Case-Shiller Index reported a slowdown in U.S. home prices year-over-year. June's 1% increase in the 20-city composite index pushed the annual price growth to 8.1%, the slimmest year-over-year result since January 2013 (MarketWatch Aug. 26).
 
Heavy demand from investors has slowed, and traditional mortgage-based homebuyers have yet to re-enter the market in full force, noted Moody's analysts (Economy.com Aug. 26).
 
Slower home-price growth, along with reports of a positive outlook among homebuilders, is a good sign of a more normal housing sector, David Blitzer, index committee chairman at S&P Dow Jones Indices, told MarketWatch.
 
Meanwhile, the Federal Housing Finance Agency (FHFA) announced that U.S. house prices rose 0.8% in the second quarter, according to its purchase-only, seasonally adjusted House Price Index (HPI). This is the 12th consecutive quarterly price increase in the HPI.
 
FHFA calculates HPI with home sales price information from mortgages sold to or guaranteed by Fannie Mae and Freddie Mac. Compared with the second quarter of last year, house prices rose 5.2%, and FHFA's seasonally adjusted monthly index for June was up 0.4% from May, marking seven consecutive monthly increases.
 
"The extraordinary price appreciation observed over the last few spring seasons was not evident in the second quarter of this year. However, house price appreciation for the nation as a whole remained positive," said FHFA Principal Economist Andrew Leventis. "FHFA's data indicate that house price appreciation in the quarter was near or below the baseline rate of inflation in most states."
 
Only 14 states are recording year-over-year growth above the national average of 5.2%, while 20 states are experiencing less than 3% appreciation. Most of the markets that are outperforming are the ones that suffered the most from the housing bubble such as Nevada, California, Arizona, Florida, Georgia and Michigan, said analysts from Moody's (Economy.com Aug. 26).

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News of the Competition (08/27/2014)

Market
  • WASHINGTON (8/27/14)--Citigroup Global Markets Inc. was fined $1.85 million by the Financial Industry Regulatory Authority (FINRA) Tuesday for three years of faulty execution and supervisory deficiencies involving transactions of non-convertible preferred securities. FINRA also ordered Citigroup to pay more than $638,000 in restitution, plus interest, to affected customers. In more than 14,800 transactions, Citigroup failed to incorporate the National Best Bid and Offer (NBBO) to ensure customers received a purchase or sale price that was as favorable as possible under the then-current market conditions. In another 7,200 cases, Citigroup priced transactions inferior to NBBO because its proprietary BondsDirect order execution system used faulty pricing logic. "Citigroup lacked the necessary systems and supervision to ensure that it provided customers with the executions they deserved and, as a result, customers were receiving inferior prices for more than three years," said Thomas Gira, FINRA executive vice president/head of market regulation. FINRA also found that Citigroup's supervisory system and written procedures for best execution in non-convertible preferred securities were deficient. In concluding this settlement, Citigroup neither admitted nor denied the charges but consented to the entry of FINRA's findings ...

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