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TOM SAKASHSTAFF NEWSWRITER

News Now

January 23, 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 0.48% 0.28% 0.20%
Personal Savings $1,000 0.20% 0.10% 0.10%
Personal Interest Checking $2,500 0.37% 0.15% 0.22%
NSF Fee $28.03 $30.69 $-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% 10.20% -0.10%
New Auto Loan - 5 Years 2.61% 3.89% -1.28%
Used Auto Loan - 2 year Old - 4 Years 2.75% 4.04% -1.29%
HELOC - 80% LTV - $50,000 4.11% 4.37% -0.26%
HE Loan - 80% LTV - $50,000 - 15 Years 5.63% 5.90% -0.27%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.68% 3.73% -0.05%
30 Year Fixed Jumbo 3.77% 3.87% -0.10%
5/1 Year ARM Conforming 2.96% 2.89% 0.07%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.85% 10.43% -1.58%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.51 $31.75 $-6.24
Reward 10.10% 13.02% -2.92%
Annual Fee $28.50 $94.15 $-65.65
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 3.59% 3.63% -0.04%
Indirect B Tier New Auto Loan - 5 Years 5.30% 5.20% 0.10%
Indirect C Tier New Auto Loan - 5 Years 7.46% 6.65% 0.81%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Thursday, January 22, 2015. For detailed disclosures click here.

Business Rates

Market
Daily Financial Rates -- 2015-01-23

Financial Rates


Friday, January 23, 2015

03:55 AM CST

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

TermFri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
Fri
1/16
1 month0.020.010.010.020.03
3 month0.030.030.030.030.03
6 month0.080.080.080.070.08
1 year0.170.170.170.170.16
2 year0.530.530.530.490.44
3 year0.900.870.850.800.75
5 year1.391.351.311.291.22
7 year1.691.661.611.601.53
10 year1.901.871.821.831.77
20 year2.212.202.152.172.12
30 year2.462.442.392.442.40

TREASURY BILLS

Results of the January 20, 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
Tue, 1/20
Week Ago
Mon, 1/12
13 weeks0.0250.025
26 weeks0.0750.085

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermFri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
Fri
1/16
high0.3120.3120.3120.3120.312
low0.0300.0300.0600.0400.030
near closing bid0.0500.0800.0800.0400.060
offered0.1000.1200.1000.0900.270
effective rate20.1300.1300.1300.1300.130

FREDDIE MAC (Mortgage commitments, 30 days)

TermFri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
Fri
1/16
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermFri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
Fri
1/16
30 year3.2583.1943.1903.0243.181

LIBOR

TermFri
1/23
Thu
1/22
Wed
1/21
Tue
1/20
Fri
1/16
1 month0.233000.236000.234000.231000.23300
3 month0.384000.384000.385000.384000.38600
6 month0.539000.539000.541000.538000.54000
1 year0.840000.841000.840000.837000.84000

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
1/21
Week ended
1/13
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.

Nov. home prices climb; mortgage rates still slipping

Market
WASHINGTON (1/23/15)--House prices edged up by 0.8% in November on a seasonally adjusted basis, according to the Federal Housing Finance Agency, a slightly quicker rate of appreciation than October's 0.4% increase.

Annually, home prices rose 5.3% in November, though they remain 4.5% below the April 2007 peak.

Broken down by the nine U.S. census divisions, monthly price increases in November ranged from -0.9% (New England) to 1.8% (East South Carolina). Though, each division posted positive annual increases in home-price appreciation in November.

Current mortgage rates, meanwhile, continue to dwindle.

The 30-year fixed-rate mortgage rate fell to 3.63% for the week ending Thursday, down from 3.66% the week prior and 4.39% the year prior, according to the Freddie Mac Primary Mortgage Market Survey (Housingwire.com Jan. 22).

The 30-year rate as tracked by Freddie Mac hit its lowest mark since May 2013, when the rate averaged 3.59%.

The 15-year fixed-rate mortgage rate also dropped, falling to 2.93% from 2.98% for the week, and from 3.44% annually.

"Mortgage rates continued to fall, albeit at a slower pace," said Frank Northaft, Freddie Mac vice president/chief economist (Housingwire). "Housing starts picked up in December coming in at a seasonally adjusted 1.089 million-unit pace and beating market expectations. Meanwhile, the drop in energy prices pushed the producer price index down 0.3% in December and the consumer price index fell 0.4%."

The five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.83%, compared with 2.9% the prior week and 3.15% the prior year.

Further, the one-year Treasury-indexed adjustable-rate mortgage stood pat at 2.37%.
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