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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 0.45% 0.28% 0.17%
Personal Savings $1,000 0.21% 0.10% 0.11%
Personal Interest Checking $2,500 0.35% 0.15% 0.20%
NSF Fee $27.87 $32.04 $-4.17
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 10.14% 10.42% -0.28%
New Auto Loan - 5 Years 2.58% 3.83% -1.25%
Used Auto Loan - 2 year Old - 4 Years 2.76% 4.02% -1.26%
HELOC - 80% LTV - $50,000 4.13% 4.41% -0.28%
HE Loan - 80% LTV - $50,000 - 15 Years 5.67% 6.01% -0.34%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 4.13% 4.18% -0.05%
30 Year Fixed Jumbo 4.21% 4.11% 0.10%
5/1 Year ARM Conforming 2.93% 2.87% 0.06%

Credit Card Products Credit Unions Bank Average Difference
Platinum 9.02% 10.88% -1.86%
Annual Fee $25.00 $58.20 $-33.20
Maximum Late Fee $26.03 $33.92 $-7.89
Reward 10.00% 12.11% -2.11%
Annual Fee $26.71 $102.75 $-76.04
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% -0.17%
Indirect B Tier New Auto Loan - 5 Years 5.34% 5.30% 0.03%
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 Wednesday, August 20, 2014. For detailed disclosures click here.

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Business Rates

Market
Daily Financial Rates -- 2014-08-21

Financial Rates


Thursday, August 21, 2014

03:55 AM CDT

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

TermThu
8/21
Wed
8/20
Tue
8/19
Mon
8/18
Fri
8/15
1 month0.040.040.020.030.04
3 month0.040.030.030.030.04
6 month0.060.050.050.050.06
1 year0.120.110.100.090.10
2 year0.490.460.440.420.42
3 year0.940.900.890.860.87
5 year1.651.591.581.551.58
7 year2.092.052.041.992.04
10 year2.432.402.392.342.40
20 year2.952.942.922.862.93
30 year3.223.213.203.133.20

TREASURY BILLS

Results of the August 18, 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, 8/18
Week Ago
Mon, 8/11
13 weeks0.0300.030
26 weeks0.0500.050

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermThu
8/21
Wed
8/20
Tue
8/19
Mon
8/18
Fri
8/15
high0.3120.3120.3120.3120.312
low0.0500.0500.0500.0500.070
near closing bid0.0600.0800.0700.0700.070
offered0.0800.1200.1000.2800.110
effective rate20.1100.1100.1100.1100.110

FREDDIE MAC (Mortgage commitments, 30 days)

TermThu
8/21
Wed
8/20
Tue
8/19
Mon
8/18
Fri
8/15
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermThu
8/21
Wed
8/20
Tue
8/19
Mon
8/18
Fri
8/15
30 year3.7623.7263.7073.7133.736

LIBOR

TermThu
8/21
Wed
8/20
Tue
8/19
Mon
8/18
Fri
8/15
1 month0.210000.215000.214000.216000.21400
3 month0.365000.369000.365000.366000.36600
6 month0.534000.540000.534000.539000.53900
1 year0.842000.845000.841000.844000.84200

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
8/19
Week ended
8/12
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

FOMC minutes: Fed not yet ready to hike interest rates

Market
WASHINGTON (8/21/14)--Unemployment and inflation are nearing the levels at which the Federal Open Market Committee (FOMC) has said could lead to changes in its monetary policy, but the majority of the group continues to believe interest rates should remain at their near-zero levels, according to the July 29-30 meeting minutes, released Wednesday by the Federal Reserve.

While the committee did not come to consensus on the overall health of the job market, consistent with previous policy decisions, the FOMC again reduced the number of asset purchases by $10 billion during the meeting.

The quantitative easing program, which the Fed has used over the past few years to pump money into the lending market, is expected to end in October.

Despite the looming end to the stimulus program, however, many still expect the Fed to keep interest rates at their near-zero levels well into 2015.

"We believe the Fed will begin normalizing interest rates next fall and allow the balance sheet to begin deflating shortly after," said Ryan Sweet, Moody's analyst ( Economy.com Aug. 20). "The practice of 'gradualism' in monetary policy, whereby changes to the policy rate during an easing or tightening cycle tend to come in a series of small and relatively predictable steps, will characterize the initial stage of the Fed's tightening cycle. However, policymakers may have to get more aggressive quickly."

Philadelphia Fed President Charles Plosser, the lone dissenter in a 9-1 vote to maintain the policy of slowly peeling back stimulus money from the economy, believes that the rest of the committee has not adequately acknowledged the full improvements the economy has made of late.

If the economy continues to strengthen and the FOMC has to raise rates earlier than is now widely expected, Plosser said, such a move could volatilely disrupt financial markets and the economy in general.

The next FOMC meeting is scheduled for Sept. 16-17.

Other Resources

Credit delinquency remains at record low: Experian

Market
NEW YORK (8/21/14)--The national consumer credit default rate edged down 1 basis point in July, according to the S&P/Experian Consumer Credit Default index, keeping credit defaults across the United States at historically low levels.

The national composite index recorded a rate of 1.01% in July, the lowest in more than 10 years of the index's history, according to Experian.

Further, mortgage defaults fell to 0.88%, auto-loan defaults remained unchanged at 0.96% and bank card defaults sank by 16 basis points to 2.86%.

"Mortgage default rates have been trending down while auto and bank cards are a bit higher than their historical lows set in April and March," said David M. Blitzer, managing director and chair of the S&P Dow Jones Indices index committee.

Household debt increased in the second quarter, driven largely by mortgages, Blitzer added, while non-housing debt also rose slightly.  

Broken down into several major cities, Los Angeles watched its overall default rate drop to the lowest level on record at 0.66%, Dallas experienced a 7-point decline, and Chicago and Miami posted their lowest default rates since 2006.

"All five cities--Chicago, Dallas, Los Angeles, Miami and New York--remain below default rates seen a year ago," Blitzer said.

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