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October 22, 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 0.47% 0.28% 0.19%
Personal Savings $1,000 0.21% 0.10% 0.11%
Personal Interest Checking $2,500 0.37% 0.15% 0.22%
NSF Fee $27.91 $32.04 $-4.13
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 10.18% 10.28% -0.10%
New Auto Loan - 5 Years 2.61% 3.81% -1.20%
Used Auto Loan - 2 year Old - 4 Years 2.77% 4.00% -1.23%
HELOC - 80% LTV - $50,000 4.13% 4.41% -0.28%
HE Loan - 80% LTV - $50,000 - 15 Years 5.66% 5.93% -0.27%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.97% 3.99% -0.02%
30 Year Fixed Jumbo 4.07% 3.96% 0.11%
5/1 Year ARM Conforming 2.91% 2.84% 0.07%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.89% 10.48% -1.59%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.54 $33.42 $-7.88
Reward 10.03% 13.68% -3.65%
Annual Fee $26.71 $99.76 $-73.05
Maximum Late Fee $22.61 $33.60 $-10.99

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.59% 3.74% -0.15%
Indirect B Tier New Auto Loan - 5 Years 5.32% 5.30% 0.02%
Indirect C Tier New Auto Loan - 5 Years 7.47% 6.77% 0.70%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Tuesday, October 21, 2014. For detailed disclosures click here.

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Business Rates

Market
Daily Financial Rates -- 2014-10-22

Financial Rates


Wednesday, October 22, 2014

03:55 AM CDT

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

TermWed
10/22
Tue
10/21
Mon
10/20
Fri
10/17
Thu
10/16
1 month0.040.030.030.040.02
3 month0.020.020.020.030.02
6 month0.060.060.050.050.05
1 year0.100.100.110.100.10
2 year0.380.370.390.350.34
3 year0.770.760.790.750.73
5 year1.441.411.441.391.37
7 year1.881.851.881.821.80
10 year2.232.202.222.172.15
20 year2.722.682.702.662.64
30 year0.002.962.982.942.92

TREASURY BILLS

Results of the October 20, 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, 10/20
Week Ago
Tue, 10/14
13 weeks0.0200.010
26 weeks0.0500.040

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermWed
10/22
Tue
10/21
Mon
10/20
Fri
10/17
Thu
10/16
high0.3120.3120.3120.3120.312
low0.0700.0700.0500.0600.060
near closing bid0.0700.0800.0700.0700.060
offered0.2700.1000.1000.0800.080
effective rate20.1000.1100.1000.1000.100

FREDDIE MAC (Mortgage commitments, 30 days)

TermWed
10/22
Tue
10/21
Mon
10/20
Fri
10/17
Thu
10/16
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermWed
10/22
Tue
10/21
Mon
10/20
Fri
10/17
Thu
10/16
30 year3.4733.4833.4833.4493.331

LIBOR

TermWed
10/22
Tue
10/21
Mon
10/20
Fri
10/17
Thu
10/16
1 month0.229000.228000.228000.226000.22700
3 month0.378000.378000.378000.378000.37600
6 month0.539000.538000.538000.538000.53600
1 year0.840000.839000.839000.839000.83700

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
10/21
Week ended
10/15
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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Existing-home sales tick up in September

Market
WASHINGTON (10/22/14)--Existing-home sales outperformed analyst expectations in September, as sales climbed 2.4% from August to 5.17 million annualized units, according to the National Association of Realtors ( Economy.com Oct. 21).

Three out of the four major regions in the United States posted sales gains, however the Midwest experienced a substantial decline. Nationwide, existing-home sales fell 1.7% behind their year-ago levels.

"Though the September data show that the housing market is rebounding from the lackluster numbers in the first half of this year, it is still far from a faster recovery," said Andres Carbacho-Burgos, Moody's analyst ( Economy.com ).

The West region recorded the largest gain in sales at 7.1% for the month, with the South just behind it, posting a 5% jump. Sales in the Northeast increased 1.5% in September, but in the Midwest existing-home sales fell by 5.6%.

Moody's analysts believe the aftereffects of the recession, which have suppressed homebuyer confidence, are likely to blame for the Midwest's step back.

Existing single-family home inventories, meanwhile, fell 1.3% for the month but remain 6% higher year-over-year.

The not-seasonally adjusted median house price for the month came in at $209,700, slightly below August's price but 5.6% higher than in September of last year.

All four regions have recorded similar year-over-year home price increases.  ReadMore

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News of the Competition (10/22/14)

Market
  • NEW YORK (10/22/14)-- While a large majority of credit unions continue to offer free checking accounts to their members, bank customers continue to watch the fees they are charged for checking climb. CNNMoney.com reported Tuesday that Citibank will raise its rewards checking account fees by $5 up to $25 starting next year, and basic account fees up to $12 from $10. It's becoming more difficult for consumers to avoid checking account fees at Citibank, according to CNNMoney . Under the new policy, the average monthly minimum balance required to stave off fees will be reduced, but consumers won't be able to use lines of credit, mortgages, credit card or loan balances any longer to count towards the total . If consumers want to avoid fees, said Greg McBride, chief financial analyst for Bankrate, they should look to a credit union ...
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