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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 0.20% 0.10% 0.10%
Personal Interest Checking $2,500 0.36% 0.15% 0.21%
NSF Fee $27.90 $32.04 $-4.14
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 10.16% 10.34% -0.18%
New Auto Loan - 5 Years 2.61% 3.81% -1.20%
Used Auto Loan - 2 year Old - 4 Years 2.77% 4.01% -1.24%
HELOC - 80% LTV - $50,000 4.13% 4.41% -0.28%
HE Loan - 80% LTV - $50,000 - 15 Years 5.66% 5.95% -0.29%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 4.24% 4.24% 0.00%
30 Year Fixed Jumbo 4.30% 4.22% 0.08%
5/1 Year ARM Conforming 2.94% 2.94% 0.00%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.98% 10.48% -1.50%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.67 $33.42 $-7.75
Reward 9.99% 13.66% -3.67%
Annual Fee $26.71 $99.74 $-73.03
Maximum Late Fee $22.66 $33.72 $-11.06

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.59% 3.78% -0.19%
Indirect B Tier New Auto Loan - 5 Years 5.32% 5.32% 0.00%
Indirect C Tier New Auto Loan - 5 Years 7.49% 6.78% 0.71%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Monday, September 22, 2014. For detailed disclosures click here.

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Business Rates

Market
Daily Financial Rates -- 2014-09-23

Financial Rates


Tuesday, September 23, 2014

03:55 AM CDT

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

TermTue
9/23
Mon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
1 month0.000.010.010.010.01
3 month0.010.020.020.020.02
6 month0.040.040.040.050.04
1 year0.100.110.120.120.13
2 year0.580.590.590.590.55
3 year1.061.091.101.081.04
5 year1.801.831.851.821.78
7 year2.262.292.322.292.26
10 year2.572.592.632.622.60
20 year3.043.053.123.123.11
30 year3.283.293.363.373.36

TREASURY BILLS

Results of the September 22, 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, 9/22
Week Ago
Mon, 9/15
13 weeks0.0100.015
26 weeks0.0400.045

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermTue
9/23
Mon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
high0.312NA0.3120.3120.312
low0.060NA0.0600.0700.070
near closing bid0.080NA0.0800.0700.080
offered0.100NA0.2800.2800.280
effective rate20.110NA0.1000.1000.100

FREDDIE MAC (Mortgage commitments, 30 days)

TermTue
9/23
Mon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
30 year0.00NA0.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermTue
9/23
Mon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
30 year3.826NA3.8813.8583.855

LIBOR

TermTue
9/23
Mon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
1 month0.21400NA0.213000.213000.21200
3 month0.37200NA0.371000.369000.36600
6 month0.53800NA0.540000.537000.53600
1 year0.84400NA0.846000.846000.84500

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
9/23
Week ended
9/22
90 days0.230.00

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. activity index goes negative: Chicago Fed

Market
CHICAGO (9/23/14)--A key measure of economic activity declined in August after months of consecutive growth, according to a report released Monday.
 
The Federal Reserve Bank of Chicago's National Activity Index (NAI) fell in August by 0.21 after increasing by 0.26 in July. 
 
The index's growth throughout the year kept its three-month moving average up for the sixth month in a row. The gauge decelerated down to 0.07 in August from 0.20 in July.
 
Sluggish measures of production drove the August drop of the NAI. The gauges combined for a decline of 0.17, down from an increase of 0.24 in July.  Manufacturing production fell by 0.4%, down from a previous month's uptick of 0.7%, while manufacturing capacity utilization dropped to 77.2% from 77.6%. 
 
The employment subcomponent barely moved, dropping by 0.1 between July and August. Moody's analysts expect that number will be revised upward with expected changes next month to the 142,000 gain in nonfarm payrolls ( Economy.com Sept. 22).

Sales, orders and inventories were up 0.04, while housing and consumption fell by 0.12, after declining by 0.13 in July.  
 
Moody's said that the NAI indicates economic growth is slightly above its historical trend over the past quarter, and that inflationary pressure will be mild over the next 12 months. 
 
The economy is adding about 200,000 jobs per month, analysts note, however, and unemployment should drop to about 5.5% by the end of next year--a development that could cause policymakers to become concerned with inflation, as consumer price index growth reaches the Federal Reserve's 2% target. The Chicago Fed also indicated that growth could soon accelerate, with the Institute for Supply Management New Orders Index up by 66.7 in August--the highest it has been since April 2004. 
 
Moody's said that the August report by the Chicago Fed doesn't indicate that interest rate hikes are imminent, noting that reining in expansionary policy would be risky amid "uncertainty stemming from geopolitical risks and Europe's lackluster growth." The ratings and research firm expects the Federal Reserve to start increasing interest rates in the fall of 2015.

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Cash purchases decline, weakening existing-home sales

Market
WASHINGTON (9/23/14)--Weak demand from investors caused home sales to decelerate in August, according to a National Association of Realtors (NAR) report published Monday.
 
The seasonally adjusted annualized rate of existing-home sales dropped to 5.05 million for the month, down from 5.14 million in July and 5.33 million on a year-over-year basis. The decrease, 1.8% on a monthly basis and 5.3% on a year-over-year basis, was driven by a declining overall share of investor purchases, to 12% from 16%--the lowest level since late 2009, according to The Wall Street Journal (Sept. 22).  
 
All-cash sales, which are often made by investors, constituted 23% of all sales in August, down from 29% in July. In August, 64% of investors bought existing homes with cash.
 
Sales of existing single-family homes were down to 4.46 million in August, a 1.8% decrease on a monthly basis and a 4.9% decrease on an annual basis. Condominium and co-op sales were down by a 1.7% monthly basis to 590,000--a 7.8% decrease over the previous 12 months.
 
Monthly increases of existing home sales in the Northeast and Midwest--by 4.7% and 2.5%--couldn't make up for declining monthly sales of 4.2% and 5.1% in the South and West, respectively. In every census region, sales fell by a year-over-year basis. 
 
The cooling demand and its geographic disparity and the declining volume of investor purchases are being caused by a decline in the market supply of foreclosed homes ( Economy.com Sept. 22). 
 
Moody's analysts said, however, that stronger job growth and higher household income should lead to more robust demand in the near future from first-time homebuyers. NAR Chief Economist Lawrence Yun also told The Wall Street Journal that he believes there is "sizeable pent-up demand" in the market.
 
Inventory is also dropping in the short-term. The inventory of single-family homes fell to 2.31 million--a 1.7% monthly decrease--but it still is experiencing an overall 4.5% annual increase.
 
At the current rate of demand, it would take 5.5 months to deplete the supply of existing single-family homes for sale and 5.3 months to deplete the supply of co-op housing and condominiums on the market. The so-called inventory-to-sales ratio for single-family homes remained the same between July and August and increased by a half-month on an annual basis. The same measure for co-ops and condominiums was down by 0.3 months on a monthly basis and 0.7 months on a year-over-year basis.
 
Despite the year-over-year decline, Moody's analysts remain bullish. They pointed out that home sales have risen consistently over the past six months. The median sales price for a home in August was up 4.8% on an annual basis, to $219,000. 
 
Builders, too, remain the most optimistic they have been since late 2005, according to a report published last week by the National Association of Home Builders.

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