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News Now

April 28, 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 0.21% 0.09% 0.12%
Personal Interest Checking $2,500 0.37% 0.15% 0.22%
NSF Fee $28.05 $30.70 $-2.65
Personal MMDA $2,500 0.18% 0.10% 0.08%
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 10.08% 10.06% 0.02%
New Auto Loan - 5 Years 2.59% 3.73% -1.14%
Used Auto Loan - 2 year Old - 4 Years 2.72% 3.97% -1.25%
HELOC - 80% LTV - $50,000 4.10% 4.34% -0.24%
HE Loan - 80% LTV - $50,000 - 15 Years 5.60% 5.82% -0.22%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.72% 3.73% -0.01%
30 Year Fixed Jumbo 3.84% 3.73% 0.11%
5/1 Year ARM Conforming 3.01% 2.91% 0.10%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.88% 10.58% -1.70%
Annual Fee $25.00 $35.43 $-10.43
Maximum Late Fee $25.81 $31.83 $-6.02
Reward 10.27% 13.52% -3.25%
Annual Fee $37.50 $93.97 $-56.47
Maximum Late Fee $22.97 $33.55 $-10.58

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.54% 3.46% 0.08%
Indirect B Tier New Auto Loan - 5 Years 5.22% 4.99% 0.23%
Indirect C Tier New Auto Loan - 5 Years 7.45% 6.52% 0.93%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Monday, April 27, 2015. For detailed disclosures click here.

Business Rates

Market
Daily Financial Rates -- 2015-04-28

Financial Rates


Tuesday, April 28, 2015

03:55 AM CDT

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

TermTue
4/28
Mon
4/27
Fri
4/24
Thu
4/23
Wed
4/22
1 month0.010.030.010.010.02
3 month0.020.030.030.030.03
6 month0.100.100.090.100.09
1 year0.250.240.240.230.23
2 year0.540.540.550.570.55
3 year0.870.840.870.910.86
5 year1.361.341.371.411.35
7 year1.691.681.701.751.67
10 year1.941.931.961.991.92
20 year2.362.362.382.422.33
30 year2.612.622.632.662.58

TREASURY BILLS

Results of the April 27, 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, 4/27
Week Ago
Mon, 4/20
13 weeks0.0200.025
26 weeks0.0950.090

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermTue
4/28
Mon
4/27
Fri
4/24
Thu
4/23
Wed
4/22
high0.3120.3120.3120.3120.312
low0.0500.0500.0700.0500.060
near closing bid0.1000.0500.0500.0800.100
offered0.1200.2500.2500.1200.130
effective rate20.1500.1400.1400.1400.150

FREDDIE MAC (Mortgage commitments, 30 days)

TermTue
4/28
Mon
4/27
Fri
4/24
Thu
4/23
Wed
4/22
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermTue
4/28
Mon
4/27
Fri
4/24
Thu
4/23
Wed
4/22
30 year3.2533.2703.2543.2313.185

LIBOR

TermTue
4/28
Mon
4/27
Fri
4/24
Thu
4/23
Wed
4/22
1 month0.236000.237000.236000.238000.23700
3 month0.384000.388000.385000.385000.38600
6 month0.540000.541000.541000.541000.53900
1 year0.841000.842000.841000.842000.84200

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
4/28
Week ended
4/21
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.

Feb. home prices climb 4.6% year over year: Black Knight

Market
WASHINGTON (4/28/15)--Home prices climbed 0.7% in February and jumped 4.6% on an annual basis for the month, according to recent numbers from Black Knight Financial Services ( Economy.com April 27).

February's performance, pushing average home prices up to $242,000, was the largest monthly increase for home prices since June 2014.

The Black Knight home price index reached its peak in June 2006, when prices climbed to $268,000.

Nine of the nation's 40-largest metros saw home prices rise to new highs in February, including Austin, Texas; Columbus, Ohio; Dallas; Denver; Honolulu; Nashville, Tenn.; San Antonio; and San Jose, Calif.

Further, home prices in Colorado, New York and Texas reached peak levels in February. Colorado led all large states with a 9.4% year-over-year increase in home prices.

Connecticut, Massachusetts, New Jersey and Pennsylvania, which are also part of the 20 largest states, experienced yearly declines in home prices, however.

On the metro level, Las Vegas continues to fall furthest behind its pre-recession peak, with home prices 41% below their May 2006 highs.

News of the Competition (4/28/15)

Market
SEATTLE (4/28/15)-- Starbucks' mobile payment app that allows customers to preload their smart devices with money--in effect, stripping processing-fee revenue from financial institutions--continues to expand. The Starbucks app now allows customers to pre-order drinks and other products from their smart devices and have them waiting for customers at the counter when they arrive ( Pymnts.com April 24). This could give yet another boost to a product that already experiences 8 million transactions per week, or 19% of the transactions that take place at Starbucks' stores. That's because the mobile-ordering feature may appeal to deaf customers who will be able to "easily order and receive their customized beverage just the way they want," Kevin Johnson, Starbucks president/CEO, said recently ( Pymnts.com ). The mobile-ordering feature also appeals to students who can order and pick up beverages between classes, and anyone else in a hurry. "This is not just leveraging the strong base that we already have in our mobile commerce platform," said Adam Brotman, Starbucks' chief digital officer ...
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