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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% 0.28% 0.21%
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 $30.70 $-2.67
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% 10.18% -0.07%
New Auto Loan - 5 Years 2.61% 3.90% -1.29%
Used Auto Loan - 2 year Old - 4 Years 2.76% 4.05% -1.29%
HELOC - 80% LTV - $50,000 4.11% 4.38% -0.27%
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 3.65% 3.69% -0.04%
30 Year Fixed Jumbo 3.76% 3.80% -0.04%
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 Thursday, January 29, 2015. For detailed disclosures click here.

Other Resources

Business Rates

Market
Daily Financial Rates -- 2015-01-30

Financial Rates


Friday, January 30, 2015

03:55 AM CST

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

TermFri
1/30
Thu
1/29
Wed
1/28
Tue
1/27
Mon
1/26
1 month0.010.020.020.020.02
3 month0.030.020.020.030.02
6 month0.070.080.080.080.07
1 year0.170.170.170.180.17
2 year0.510.500.540.540.52
3 year0.840.810.870.890.86
5 year1.281.251.341.361.33
7 year1.591.531.621.641.62
10 year1.771.731.831.831.81
20 year2.112.052.152.142.12
30 year2.332.292.402.402.38

TREASURY BILLS

Results of the January 26, 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, 1/26
Week Ago
Tue, 1/20
13 weeks0.0200.025
26 weeks0.0750.075

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermFri
1/30
Thu
1/29
Wed
1/28
Tue
1/27
Mon
1/26
high0.3120.3120.2500.3120.312
low0.0500.0500.0800.0500.030
near closing bid0.0500.0900.0000.1000.060
offered0.0800.1100.2700.1300.270
effective rate20.1300.1300.1200.1400.130

FREDDIE MAC (Mortgage commitments, 30 days)

TermFri
1/30
Thu
1/29
Wed
1/28
Tue
1/27
Mon
1/26
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermFri
1/30
Thu
1/29
Wed
1/28
Tue
1/27
Mon
1/26
30 year3.1273.2003.1893.1853.218

LIBOR

TermFri
1/30
Thu
1/29
Wed
1/28
Tue
1/27
Mon
1/26
1 month0.237000.239000.239000.236000.23400
3 month0.385000.384000.386000.387000.38500
6 month0.539000.539000.539000.539000.53800
1 year0.839000.839000.839000.839000.83900

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
1/27
Week ended
1/21
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

Mortgage rates failing to propel housing recovery

Market
WASHINGTON (1/30/15)--The Federal Housing Finance Agency (FHFA) reported Thursday that the national average contract mortgage rate in December fell to 3.98% from 4% the prior month--yet another index to report that interest rates have dropped below 4%.

But the lower mortgage rates have yet to fuel a rise in home sales, as pending-home sales fell 3.7% in December, reversing November's positive gains and pushing sales back to their lowest levels since April, according to numbers from the National Association of Realtors.

The Census Bureau also reported Thursday that the homeownership rate dropped 1.2% in the fourth quarter to 64% on an annual basis.

"Demand from traditional homebuyers continues to be muted, according to both recent mortgage application data and mortgage origination volume data," said Brent Campbell, Moody's analyst ( Economy.com Jan. 29). "Further, according to several indexes, house-price growth continues to slow, as the contribution from institutional investor demand is beginning to wane and traditional homebuyers who use credit have yet to pick up the slack."

All regions posted declines in pending-home sales in December, with the Northeast dropping 7.5%, the West falling 4.6% and the Midwest and South slipping 2.8% and 2.6% respectively.

While pending-home sales remain 6.1% higher than year-ago levels, analysts had expected a gain in sales nationwide, rather than a step back across the board.

One explanation could be the growing preference to rent instead of buy.

The rental vacancy rate fell in the fourth quarter by 1.2% to 7% on a year-over-year basis, and 0.4% on a quarterly basis. Further, the median asking rent for vacant units climbed annually to $766 per unit.

"As house prices keep the upward momentum and get closer to their fundamental values, owning a home becomes less affordable," said Jing Zhang, Moody's analyst ( Economy.com Jan. 29). "Moreover, many households still lack the confidence to buy, and many have not recovered from the credit loss during the housing crisis, resulting in low-purchasing mortgage origination."

The average loan amount, meanwhile, climbed to $298,300 in December, up from $293,600 in November, according to the FHFA.

The average interest rate on conventional, 30-year fixed-rate mortgages of $417,000 or less was 4.19%, down from 4.24% in November. And the effective interest rate, which accounts for initial fees and charges over the life of the mortgage, dropped to 4.15% in December, from 4.16% in November.
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