Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market

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 $32.04 $-4.14
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% 10.34% -0.18%
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% 5.95% -0.29%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 4.25% 4.28% -0.03%
30 Year Fixed Jumbo 4.31% 4.27% 0.04%
5/1 Year ARM Conforming 2.95% 2.95% 0.00%

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% -0.19%
Indirect B Tier New Auto Loan - 5 Years 5.32% 5.32% 0.00%
Indirect C Tier New Auto Loan - 5 Years 7.49% 6.78% 0.71%

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

Other Resources

Business Rates

Market
Daily Financial Rates -- 2014-09-22

Financial Rates


Monday, September 22, 2014

03:55 AM CDT

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

TermMon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
Tue
9/16
1 month0.010.010.010.010.01
3 month0.020.020.020.020.02
6 month0.040.040.050.040.05
1 year0.110.120.120.130.11
2 year0.590.590.590.550.58
3 year1.091.101.081.041.06
5 year1.831.851.821.781.80
7 year2.292.322.292.262.26
10 year2.592.632.622.602.60
20 year3.053.123.123.113.09
30 year3.293.363.373.363.34

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

TermMon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
Tue
9/16
highNA0.3120.3120.3120.312
lowNA0.0600.0700.0700.050
near closing bidNA0.0800.0700.0800.080
offeredNA0.2800.2800.2800.100
effective rate2NA0.1000.1000.1000.100

FREDDIE MAC (Mortgage commitments, 30 days)

TermMon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
Tue
9/16
30 yearNA0.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermMon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
Tue
9/16
30 yearNA3.8813.8583.8553.870

LIBOR

TermMon
9/22
Fri
9/19
Thu
9/18
Wed
9/17
Tue
9/16
1 monthNA0.213000.213000.212000.21400
3 monthNA0.371000.369000.366000.36500
6 monthNA0.540000.537000.536000.53900
1 yearNA0.846000.846000.845000.84500

COMMERCIAL PAPER (Financial, 90 days)

TermWeek ended
9/22
Week ended
9/16
90 days0.000.23

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.

Other Resources

Families financing first-time homebuyers' down payments

Market
NEW YORK (9/22/14)--Families are stepping in to help first-time homebuyers break into the housing market, as last year 27% of those buying a home for the first time received cash from relatives or friends to help with the down payment, according to National Association of Realtors (NAR) data ( Bloomberg.com Sept. 19).

Compared with last year, that's a 24% rise, matching the highest number since 2009.

Without first-time homebuyers, "the recovery's not sustainable," Anika Khan, Wells Fargo Securities senior economist, told Bloomberg , adding that more money in the hands of first-time homebuyers only speeds up the housing recovery.

The biggest barrier for first-time homebuyers is that many continue to grapple with student-loan debt that keeps them from saving enough money for a down payment.

A recent NAR survey found that 54% of first-time homebuyers in 2013 said their home purchases were delayed because their student loans.

First-time buyers made up 29% of previously owned home purchases in July, compared with 40% historically for the month ( Bloomberg.com ).

But the infusion of cash from parents and families is helping to bridge that gap.

"We're finding more and more parents are gifting money," Deborah Baisden, realtor at Prudential Towne Realty, told Bloomberg. "Because of student debt and because of kids having a tough time finding jobs, it's becoming increasingly difficult for them to be able to buy homes."

"We're turning into a country of renters," she added.

Other Resources

RSS print
News Now LiveWire
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
2 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
5 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
6 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
7 hours ago
Existing-home sales slump in August as cash purchases decline @REALTORS
8 hours ago