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November 26, 2014

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 0.48% 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 $27.92 $30.67 $-2.75
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 10.03% 10.30% -0.27%
New Auto Loan - 5 Years 2.62% 3.90% -1.28%
Used Auto Loan - 2 year Old - 4 Years 2.78% 4.08% -1.30%
HELOC - 80% LTV - $50,000 4.12% 4.38% -0.26%
HE Loan - 80% LTV - $50,000 - 15 Years 5.67% 5.91% -0.24%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.98% 4.01% -0.03%
30 Year Fixed Jumbo 4.09% 4.01% 0.08%
5/1 Year ARM Conforming 2.95% 2.88% 0.07%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.86% 10.50% -1.64%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.64 $33.45 $-7.81
Reward 10.08% 13.33% -3.25%
Annual Fee $26.81 $98.57 $-71.76
Maximum Late Fee $22.68 $33.71 $-11.03

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.59% 3.62% -0.03%
Indirect B Tier New Auto Loan - 5 Years 5.31% 5.20% 0.11%
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 Tuesday, November 25, 2014. For detailed disclosures click here.

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Business Rates

Market
Daily Financial Rates -- 2014-11-26

Financial Rates


Wednesday, November 26, 2014

03:55 AM CST

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

TermWed
11/26
Tue
11/25
Mon
11/24
Fri
11/21
Thu
11/20
1 month0.060.040.040.040.04
3 month0.020.020.010.020.01
6 month0.070.080.070.070.07
1 year0.140.140.140.140.15
2 year0.510.530.530.530.54
3 year0.940.950.960.970.99
5 year1.581.621.631.641.66
7 year1.982.022.032.052.07
10 year2.272.302.312.342.36
20 year2.692.742.752.782.80
30 year2.973.013.023.053.08

TREASURY BILLS

Results of the November 24, 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, 11/24
Week Ago
Mon, 11/17
13 weeks0.0200.025
26 weeks0.0700.070

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermWed
11/26
Tue
11/25
Mon
11/24
Fri
11/21
Thu
11/20
high0.3120.3120.3120.3120.312
low0.0400.0700.0400.0700.060
near closing bid0.0400.0800.0700.0800.050
offered0.0800.1000.2700.1000.080
effective rate20.1200.1200.1100.1200.120

FREDDIE MAC (Mortgage commitments, 30 days)

TermWed
11/26
Tue
11/25
Mon
11/24
Fri
11/21
Thu
11/20
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermWed
11/26
Tue
11/25
Mon
11/24
Fri
11/21
Thu
11/20
30 year3.5203.5623.5633.5573.569

LIBOR

TermWed
11/26
Tue
11/25
Mon
11/24
Fri
11/21
Thu
11/20
1 month0.229000.229000.229000.230000.22500
3 month0.373000.374000.373000.374000.37200
6 month0.539000.539000.539000.539000.53900
1 year0.842000.843000.842000.841000.84100

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
11/25
Week ended
11/18
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. ReadMore

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3Q GDP beats expectations, up 3.9%

Market
WASHINGTON (11/26/14)--Real gross domestic product (GDP) climbed by 3.9% in the third quarter--a 0.4% increase from the quarter's initial reading, according to the Bureau of Economic Analysis' second estimate.

GDP jumped by 4.6% in the second quarter (Economy.com Nov. 25).

"Despite the slowing in growth in the third quarter, the performance of the economy has shifted to above-trend gains, near 3%," said Scott Hoyt, Moody's analyst (Economy.com). "The economy has expanded more than 3% in four of the past five quarters."

Consumer spending added 1.5% to growth, net exports contributed 0.8%--well below the initial estimate of 1.3%--fixed investments added 0.9% and the federal government contributed 0.7%. Inventories slowed GDP, however, as it fell by 0.1%.

Personal consumption trends showed that inflation slowed in the third quarter, as it rose only 1.3% after a 2.3% gain in 2Q. Excluding food and energy, inflation climbed 1.4% after a 2% gain in the prior quarter.

Real disposable income rose 2.3%; the savings rate increased by 5%; and corporate profits only climbed by 2.1% after jumping 8.4% in the second quarter.

Gross domestic income, an alternative metric used to gauge the pace of the economy's growth, climbed 4.5% after a 4% increase in the second quarter.

"The nation's economic prospects are improving," Hoyt said. "However, the divergence between the U.S. economy and that of much of the rest of the world is striking. The euro zone is flirting with recession, Japan is struggling to break free from the pull of deflation, and China and much of the rest of the emerging world are at best holding their own." ReadMore

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Balancing act of home prices, mortgage rates: FHFA, S&P

Market
WASHINGTON (11/26/14)--The Federal Housing Finance Agency (FHFA) reported this week that national contract mortgage rates for the purchase of previously occupied homes climbed to 4.11% from 4.05% in October.

The average interest rate on all mortgage loans rose to 4.11% as well, up from 4.07% in September, and the average interest rate on conventional 30-year fixed-rate mortgages of $417,000 or less was 4.31%, down from 4.33% the prior month.

The effective interest rate, which incorporates all initial fees and charges over the life of the mortgage, came in at 4.27% for the month, an increase of five basis points from 4.22% in September.

The average loan amount was $285,000 in October--a $4,000 increase from $281,000 month-over-month.

Home prices, meanwhile, climbed 0.9% in the third quarter, according to the FHFA's home price index. The increase marks the 13th straight month that home prices have risen.

Year-over-year, home prices climbed 4.5% in the third quarter. Though, the seasonally adjusted monthly index for September was unchanged from the previous month.

"Easing interest rates and modestly improving labor market conditions helped to drive up prices in the third quarter," said Andrew Leventis, FHFA principal economist. "The price increases were relatively small in most areas, however, and are consistent with the type of market deceleration that other housing market statistics have shown in recent periods."

Meanwhile, existing-home price appreciation slowed in the third quarter, according to the S&P/Case-Shiller Home Price Index, released Tuesday, compared with the third quarter in 2013.

The 10-city index rose 4.8% year-over-year, compared with a 5.5% climb annually in August. The 20-city index showed similar signs of deceleration.

Despite the deceleration, though, each metro area recorded increases in price growth year-over-year, ranging from a 0.8% increase in Cleveland to a 10.3% price gain in Miami. ReadMore

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News of the Competition (11/26/14)

Market
  • WASHINGTON (11/26/14)--Commercial banks posted a net income of $38.7 billion in the third quarter, a $2.6 billion increase compared with the third quarter of last year, the Federal Deposit Insurance Corp. (FDIC) reported this week. The earnings were driven by a $7.8 billion jump in net operating revenue--the sum of net interest income and total noninterest income--which is the largest increase since the fourth quarter of 2009. Nearly two-thirds of the 6,589 insured institutions reported annual growth in quarterly earnings, the FDIC said, and the percentage of banks that did not record profits in the third quarter fell to 6.4% from 8.7% annually. Total loan and lease balances climbed $50.9 billion to $8.2 trillion in the quarter; commercial and industrial loans increased by $10.1 billion; and auto loans rose by $9 billion ...
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