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TOM SAKASHSTAFF NEWSWRITER

News Now

February 27, 2015

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% 0.27% 0.22%
Personal Savings $1,000 0.20% 0.09% 0.11%
Personal Interest Checking $2,500 0.36% 0.15% 0.21%
NSF Fee $28.04 $30.70 $-2.66
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 10.10% 10.22% -0.12%
New Auto Loan - 5 Years 2.60% 3.74% -1.14%
Used Auto Loan - 2 year Old - 4 Years 2.76% 3.99% -1.23%
HELOC - 80% LTV - $50,000 4.12% 4.36% -0.24%
HE Loan - 80% LTV - $50,000 - 15 Years 5.60% 5.85% -0.25%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.75% 3.80% -0.05%
30 Year Fixed Jumbo 3.88% 3.86% 0.02%
5/1 Year ARM Conforming 3.02% 2.95% 0.07%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.85% 10.59% -1.74%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.51 $32.28 $-6.77
Reward 10.09% 13.02% -2.93%
Annual Fee $29.62 $94.15 $-64.53
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 3.57% 3.64% -0.07%
Indirect B Tier New Auto Loan - 5 Years 5.26% 5.20% 0.06%
Indirect C Tier New Auto Loan - 5 Years 7.47% 6.65% 0.83%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Thursday, February 26, 2015. For detailed disclosures click here.

Business Rates

Market
Daily Financial Rates -- 2015-02-27

Financial Rates


Friday, February 27, 2015

03:55 AM CST

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

TermFri
2/27
Thu
2/26
Wed
2/25
Tue
2/24
Mon
2/23
1 month0.020.020.020.010.02
3 month0.030.020.020.020.02
6 month0.070.070.080.080.07
1 year0.220.210.220.220.23
2 year0.660.610.600.640.67
3 year1.040.980.971.031.07
5 year1.541.471.471.561.61
7 year1.861.781.791.881.94
10 year2.031.961.992.062.13
20 year2.392.352.382.442.50
30 year2.632.562.602.662.73

TREASURY BILLS

Results of the February 23, 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, 2/23
Week Ago
Tue, 2/17
13 weeks0.0200.015
26 weeks0.0650.065

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermFri
2/27
Thu
2/26
Wed
2/25
Tue
2/24
Mon
2/23
high0.3120.3120.3120.3120.312
low0.0700.0500.0200.0300.040
near closing bid0.0600.1000.0800.0400.080
offered0.0900.1300.2800.0600.120
effective rate20.1400.1400.1300.1300.140

FREDDIE MAC (Mortgage commitments, 30 days)

TermFri
2/27
Thu
2/26
Wed
2/25
Tue
2/24
Mon
2/23
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermFri
2/27
Thu
2/26
Wed
2/25
Tue
2/24
Mon
2/23
30 year3.3263.3313.3913.4113.406

LIBOR

TermFri
2/27
Thu
2/26
Wed
2/25
Tue
2/24
Mon
2/23
1 month0.237000.236000.237000.235000.23800
3 month0.385000.386000.384000.386000.38800
6 month0.539000.540000.540000.540000.53900
1 year0.839000.840000.841000.840000.84000

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
2/24
Week ended
2/18
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.

Annual inflation drops for 1st time since 2009

Market
WASHINGTON (2/27/15)--Largely fueled by the price of oil, the consumer price index (CPI) dropped 0.7% in January, the largest monthly step back since November 2008 ( Economy.com Feb. 26).

On an annual basis, CPI fell 0.1%, the first year-over-year decline since October 2009.

"The good news is that the majority of the weakness is concentrated in energy-related goods and services, as the core index rebounded modestly in January," said Andrew Davis, Moody's analyst ( Economy.com ). "This is comforting for policymakers, as concerns about disinflation bleeding into core prices were heightened after December's soft reading."

The energy index plunged by 9.7% in January, with gasoline prices--the main culprit--plummeting 18.7% from the prior month. Fuel also fell by 9.9%.

Food prices largely remained stable in January after a 0.2% rise in December. "Food at home" prices fell 0.2% with four of the six major grocery store food groups decreasing. "Food away from home" climbed 0.2% after a 0.3% increase the previous month.

Excluding food and energy, core prices climbed 0.2% in January, a slight increase in pace from December.

However, prices for new vehicles, used cars and trucks, and core commodities all fell, offsetting the gains in the core CPI.
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