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September 18, 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 0.46% 0.28% 0.18%
Personal Savings $1,000 0.20% 0.10% 0.10%
Personal Interest Checking $2,500 0.36% 0.15% 0.21%
NSF Fee $27.90 $32.03 $-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 10.16% 10.33% -0.17%
New Auto Loan - 5 Years 2.61% 3.82% -1.21%
Used Auto Loan - 2 year Old - 4 Years 2.77% 4.02% -1.25%
HELOC - 80% LTV - $50,000 4.13% 4.40% -0.27%
HE Loan - 80% LTV - $50,000 - 15 Years 5.66% 5.96% -0.30%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 4.25% 4.27% -0.02%
30 Year Fixed Jumbo 4.31% 4.23% 0.08%
5/1 Year ARM Conforming 2.95% 2.93% 0.02%

Credit Card Products Credit Unions Bank Average Difference
Platinum 9.01% 10.48% -1.47%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.95 $33.42 $-7.47
Reward 9.99% 13.66% -3.67%
Annual Fee $26.71 $99.74 $-73.03
Maximum Late Fee $22.66 $33.72 $-11.06

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.59% 3.78% -0.18%
Indirect B Tier New Auto Loan - 5 Years 5.32% 5.32% 0.00%
Indirect C Tier New Auto Loan - 5 Years 7.49% 6.77% 0.72%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Wednesday, September 17, 2014. For detailed disclosures click here.

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Business Rates

Market
Daily Financial Rates -- 2014-09-18

Financial Rates


Thursday, September 18, 2014

03:55 AM CDT

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

TermThu
9/18
Wed
9/17
Tue
9/16
Mon
9/15
Fri
9/12
1 month0.010.010.010.010.01
3 month0.020.020.020.020.02
6 month0.050.040.050.050.05
1 year0.120.130.110.110.11
2 year0.590.550.580.580.58
3 year1.081.041.061.071.07
5 year1.821.781.801.831.79
7 year2.292.262.262.292.22
10 year2.622.602.602.622.54
20 year3.123.113.093.103.02
30 year3.373.363.343.353.27

TREASURY BILLS

Results of the September 15, 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, 9/15
Week Ago
Mon, 9/8
13 weeks0.0150.020
26 weeks0.0450.045

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermThu
9/18
Wed
9/17
Tue
9/16
Mon
9/15
Fri
9/12
high0.3120.3120.3120.3120.312
low0.0700.0700.0500.0500.050
near closing bid0.0700.0800.0800.0800.070
offered0.2800.2800.1000.2700.090
effective rate20.1000.1000.1000.1000.100

FREDDIE MAC (Mortgage commitments, 30 days)

TermThu
9/18
Wed
9/17
Tue
9/16
Mon
9/15
Fri
9/12
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermThu
9/18
Wed
9/17
Tue
9/16
Mon
9/15
Fri
9/12
30 year3.8583.8553.8703.8423.807

LIBOR

TermThu
9/18
Wed
9/17
Tue
9/16
Mon
9/15
Fri
9/12
1 month0.213000.212000.214000.210000.20900
3 month0.369000.366000.365000.363000.36100
6 month0.537000.536000.539000.539000.53700
1 year0.846000.845000.845000.845000.84400

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
9/16
Week ended
9/9
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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Fed rate changes hinge on economic expansion, Hampel says

Market
WASHINGTON (9/18/14)--The Federal Open Market Committee (FOMC) announced Wednesday that interest rates likely will be held low for a "considerable time" after the asset-purchase program ends, which the Federal Reserve expects will happen next month.

While the committee didn't tip its hand on when exactly it will begin to increase rates, it did offer a bit of insight into what will go into making that decision.

"Chair (Janet) Yellen didn't tell us when rates would start to rise--no surprise--but she did suggest that the timing of the increase will depend on how rapidly the economy expands," said Bill Hampel, interim president/CEO of the Credit Union National Association. Hampel will resume his responsibilities as the trade association's chief economist Monday.

"If monthly job gains average more than 250,000 for the next several months, the increase could come as early as next spring," Hampel added. "If they fall back below 200,000, it could be the fall or later. In between, we're looking at next summer."  

For the past six months, monthly job gains, or nonfarm payrolls, have climbed by an average of 226,000. If that pace holds up, Hampel said, the Federal Reserve likely will begin pushing up rates at mid-year.

In its policy statement released at the conclusion of its two-day meeting Wednesday, the FOMC said the economy is expanding at a moderate pace, and inflation continues to stay below its longer-run goal.

Officials also elevated their estimate for the federal funds rate at the end of 2015 by 25 basis points. By the end of 2017, the Fed said, the rate will be at 3.75% ( Bloomberg.com Sept. 17). ReadMore

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