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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 $27.91 $30.91 $-3.00
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% 10.30% -0.12%
New Auto Loan - 5 Years 2.61% 3.83% -1.22%
Used Auto Loan - 2 year Old - 4 Years 2.77% 4.01% -1.24%
HELOC - 80% LTV - $50,000 4.13% 4.41% -0.28%
HE Loan - 80% LTV - $50,000 - 15 Years 5.66% 5.92% -0.26%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.99% 4.05% -0.06%
30 Year Fixed Jumbo 4.08% 4.06% 0.02%
5/1 Year ARM Conforming 2.92% 2.85% 0.07%

Credit Card Products Credit Unions Bank Average Difference
Platinum 8.89% 10.45% -1.56%
Annual Fee $25.00 $31.00 $-6.00
Maximum Late Fee $25.54 $33.45 $-7.91
Reward 10.03% 13.68% -3.65%
Annual Fee $26.71 $99.76 $-73.05
Maximum Late Fee $22.61 $33.62 $-11.01

Indirect Auto Loan Products Credit Unions Bank Average Difference
Indirect A Tier New Auto Loan - 5 Years 3.59% 3.71% -0.12%
Indirect B Tier New Auto Loan - 5 Years 5.31% 5.23% 0.08%
Indirect C Tier New Auto Loan - 5 Years 7.46% 6.70% 0.76%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Wednesday, October 29, 2014. For detailed disclosures click here.

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Business Rates

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Daily Financial Rates -- 2014-10-30

Financial Rates


Thursday, October 30, 2014

03:55 AM CDT

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

TermThu
10/30
Wed
10/29
Tue
10/28
Mon
10/27
Fri
10/24
1 month0.010.020.030.020.02
3 month0.030.020.020.010.01
6 month0.070.050.060.060.06
1 year0.110.110.110.110.11
2 year0.480.420.410.410.41
3 year0.930.840.810.820.83
5 year1.611.531.511.521.52
7 year2.031.971.941.961.95
10 year2.342.302.272.292.29
20 year2.792.792.752.772.77
30 year3.063.063.043.053.05

TREASURY BILLS

Results of the October 27, 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, 10/27
Week Ago
Mon, 10/20
13 weeks0.0200.020
26 weeks0.0550.050

PRIME RATE

3.25% Last changed December 16, 2008

FEDERAL FUNDS

TermThu
10/30
Wed
10/29
Tue
10/28
Mon
10/27
Fri
10/24
high0.3120.3120.3120.3120.312
low0.0500.0400.0700.0500.050
near closing bid0.0400.0700.0700.0700.070
offered0.0800.2700.0900.2700.270
effective rate20.1100.1100.1000.1000.110

FREDDIE MAC (Mortgage commitments, 30 days)

TermThu
10/30
Wed
10/29
Tue
10/28
Mon
10/27
Fri
10/24
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermThu
10/30
Wed
10/29
Tue
10/28
Mon
10/27
Fri
10/24
30 year3.5683.5593.5483.4973.496

LIBOR

TermThu
10/30
Wed
10/29
Tue
10/28
Mon
10/27
Fri
10/24
1 month0.228000.232000.229000.228000.22900
3 month0.376000.379000.376000.376000.37700
6 month0.537000.538000.537000.537000.53900
1 year0.838000.839000.839000.839000.83900

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
10/28
Week ended
10/21
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.

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Post QE, Fed concerns still linger, says CUNA's Schenk

Market
WASHINGTON (10/30/14)--Given that the Federal Open Market Committee (FOMC) said in the middle of 2013 that it was planning to retire its asset-purchase program, it was no surprise Wednesday when, at the conclusion of its two-day monetary policy meeting, the FOMC announced the program's official end.

Therefore, neither the announcement nor the actual termination of the quantitative easing program should have an effect on markets or the economy, according to Mike Schenk, vice president of economic and statistics for the Credit Union National Association.

"The fact that the economy has been growing and labor markets have been improving over most of the wind-down period is a good sign," Schenk told News Now .

But with the bond-buying program now a thing of the past, the Federal Reserve's monetary-policy making body must turn its attention to the short-term interest rates that it has kept near 0% for the past few years to help stimulate the economy.

As the FOMC said in its policy statement that it does not anticipate it will raise short-term rates for a "considerable time" after the end of the purchase program, and potentially not even for some time after inflation and unemployment reach levels that align with the committee's longer-run goals, it seems there's concern among the Fed about the prospects for the economy.  

"The breadth of labor market recovery is not what the Fed would like it to be," Schenk said. "Wage gains have been fairly weak, and the housing market is recovering, but not robustly. That in addition to a weak Eurozone and obvious geopolitical uncertainties.

"With this as a backdrop, it's not surprising the Fed also stated its intention to keep its short-term interest rate target near zero for an extended period," Schenk said. "The Fed funds futures market reflects expectations of a first Fed move at a July 2015 FOMC meeting.

"In the meantime we expect labor and housing markets to continue to improve, and that should translate into continued high loan demand at credit unions in the coming months."

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