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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 0.48% 0.28% 0.20%
Personal Savings $1,000 0.20% 0.10% 0.10%
Personal Interest Checking $2,500 0.36% 0.15% 0.21%
NSF Fee $27.95 $30.67 $-2.72
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 10.00% 10.31% -0.31%
New Auto Loan - 5 Years 2.62% 3.90% -1.28%
Used Auto Loan - 2 year Old - 4 Years 2.78% 4.10% -1.32%
HELOC - 80% LTV - $50,000 4.11% 4.37% -0.26%
HE Loan - 80% LTV - $50,000 - 15 Years 5.66% 5.90% -0.24%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.86% 3.87% -0.01%
30 Year Fixed Jumbo 4.04% 3.97% 0.07%
5/1 Year ARM Conforming 2.97% 2.89% 0.08%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.85% 10.50% -1.65%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.65 $33.45 $-7.80
Reward 10.08% 13.22% -3.14%
Annual Fee $26.81 $98.57 $-71.76
Maximum Late Fee $22.34 $33.73 $-11.39

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.59% 3.62% -0.02%
Indirect B Tier New Auto Loan - 5 Years 5.32% 5.20% 0.13%
Indirect C Tier New Auto Loan - 5 Years 7.47% 6.65% 0.82%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Wednesday, December 17, 2014. For detailed disclosures click here.

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Business Rates

Market
Daily Financial Rates -- 2014-12-18

Financial Rates


Thursday, December 18, 2014

03:55 AM CST

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

TermThu
12/18
Wed
12/17
Tue
12/16
Mon
12/15
Fri
12/12
1 month0.030.030.020.020.02
3 month0.030.030.040.020.03
6 month0.110.110.110.090.09
1 year0.230.210.220.190.21
2 year0.620.580.600.560.62
3 year1.060.991.030.981.05
5 year1.611.531.581.531.62
7 year1.931.851.901.861.96
10 year2.142.072.122.102.19
20 year2.462.402.452.452.54
30 year2.742.692.742.752.84

TREASURY BILLS

Results of the December 15, 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, 12/15
Week Ago
Mon, 12/8
13 weeks0.0350.025
26 weeks0.1100.090

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermThu
12/18
Wed
12/17
Tue
12/16
Mon
12/15
Fri
12/12
high0.3700.3120.3120.3120.312
low0.0700.0700.0700.0700.070
near closing bid0.1000.1000.1000.1000.070
offered0.1300.1200.1200.1400.100
effective rate20.1400.1300.1100.1400.140

FREDDIE MAC (Mortgage commitments, 30 days)

TermThu
12/18
Wed
12/17
Tue
12/16
Mon
12/15
Fri
12/12
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermThu
12/18
Wed
12/17
Tue
12/16
Mon
12/15
Fri
12/12
30 year3.3943.3483.4173.4083.423

LIBOR

TermThu
12/18
Wed
12/17
Tue
12/16
Mon
12/15
Fri
12/12
1 month0.240000.241000.243000.241000.24400
3 month0.387000.386000.389000.387000.38600
6 month0.543000.539000.542000.541000.54400
1 year0.845000.843000.844000.843000.84500

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
12/16
Week ended
12/9
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

Patience a key for FOMC in rate-setting process

Market
MADISON, Wis. (12/18/14)--A change in wording in the statement released by the Federal Open Market Committee (FOMC) Wednesday at the conclusion of its two-day policy meeting could mark a shift in forward guidance in terms of rate setting.

While the FOMC stopped short of taking out the words "considerable time" from its statement when referring to when it will begin to raise interest rates from their near-zero levels, the Fed also inserted the word "patient," which could signal that a rate hike isn't all that far off.  

According to Moody's analysts, there is a precedent for this type of language in FOMC policy statements.

"The Fed has used this language in 2004," said Ryan Sweet, Moody's analyst (Economy.com Dec. 17). "If the Fed follows the same script, the first increase in the fed funds rate won't occur for a least six months."

Federal Reserve Chair Janet Yellen just about said as much in her post-meeting press conference Wednesday.

"At this point we think it unlikely that it will be appropriate that we will see conditions for at least the next couple of meetings that will make it appropriate for us to decide to begin normalization," Yellen said (MarketWatch Dec. 17).

A major obstacle that could be keeping pressure on the FOMC to take its time in this decision is the sluggish inflation that has dogged the U.S. economy. Inflation continues to crawl below the Fed's 2% target rate. The Fed largely pinned weak inflation on thinning energy prices.  

While many may focus on the FOMC's use of "considerable time" and "patient" in the statement, meanwhile, Sweet believes another word should also receive attention.

"The Fed used 'transitory' to describe energy prices' impact on inflation," he said. "This is the norm for the Fed, but the central bank needs to be careful. Inflation has been too low for too long, and that has economic costs."

An appreciating dollar, which could put downward pressure on core goods prices, also could be affecting inflation, said Sweet, who added that this new development likely caught the eye of the FOMC as well.

"The Fed noted the mixed message on long-term inflation expectations, but given its assessment, policymakers appear to be putting more stock in survey-based rather than market-based measures," Sweet said.

Other Resources

News of the Competition (12/18/14)

Market
  • WASHINGTON (12/18/14)--The Financial Industry Regulatory Authority (FINRA) has fined Merrill Lynch, Pierce, Fenner and Smith $1.9 million for violating fair pricing and supervisory laws in more than 716 cases of retail customer transactions of distressed securities (MarketWatch Dec. 16). FINRA also has ordered Merrill Lynch, a unit of Bank of America, to pay the affected customers $540,000 for the infractions. FINRA asserts that Merrill Lynch bought notes from Motors Liquidation Co., the name used by General Motors after the company went bankrupt, for prices well below their market value, and then sold them to brokers at, or above, market prices. The government agency also alleges that Merrill Lynch failed to conduct post-trade best execution or fair pricing reviews for any of the transactions, according to MarketWatch. Merrill Lynch has not admitted to or refuted FINRA's findings ...

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