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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 0.47% 0.28% 0.19%
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 10.17% 10.28% -0.11%
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% 5.92% -0.26%

Mortgage Loan Products Credit Unions Bank Average Difference
30 Year Fixed Conforming 3.97% 4.01% -0.04%
30 Year Fixed Jumbo 4.07% 3.98% 0.09%
5/1 Year ARM Conforming 2.91% 2.85% 0.06%

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 $33.45 $-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% 3.74% -0.14%
Indirect B Tier New Auto Loan - 5 Years 5.32% 5.27% 0.05%
Indirect C Tier New Auto Loan - 5 Years 7.47% 6.73% 0.74%

Averages displayed are straight averages of all institutions within the Informa Research Services database for the selected region as of Thursday, October 23, 2014. For detailed disclosures click here.

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Business Rates

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Daily Financial Rates -- 2014-10-24

Financial Rates


Friday, October 24, 2014

03:55 AM CDT

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

TermFri
10/24
Thu
10/23
Wed
10/22
Tue
10/21
Mon
10/20
1 month0.020.040.040.030.03
3 month0.010.020.020.020.02
6 month0.060.060.060.060.05
1 year0.110.110.100.100.11
2 year0.410.410.380.370.39
3 year0.830.800.770.760.79
5 year1.521.461.441.411.44
7 year1.951.901.881.851.88
10 year2.292.252.232.202.22
20 year2.772.732.722.682.70
30 year3.053.010.002.962.98

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

TermFri
10/24
Thu
10/23
Wed
10/22
Tue
10/21
Mon
10/20
high0.3120.3120.3120.3120.312
low0.0500.0400.0700.0700.050
near closing bid0.0700.0500.0700.0800.070
offered0.2700.0700.2700.1000.100
effective rate20.1100.1000.1000.1100.100

FREDDIE MAC (Mortgage commitments, 30 days)

TermFri
10/24
Thu
10/23
Wed
10/22
Tue
10/21
Mon
10/20
30 year0.000.000.000.000.00

FANNIE MAE (Mortgage commitments, 30 days)

TermFri
10/24
Thu
10/23
Wed
10/22
Tue
10/21
Mon
10/20
30 year3.4963.4663.4733.4833.483

LIBOR

TermFri
10/24
Thu
10/23
Wed
10/22
Tue
10/21
Mon
10/20
1 month0.229000.229000.229000.228000.22800
3 month0.377000.377000.378000.378000.37800
6 month0.539000.539000.539000.538000.53800
1 year0.839000.839000.840000.839000.83900

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.

Other Resources

Mortgage rates slide further below 4%: Freddie Mac

Market
WASHINGTON (10/24/14)--Mortgage rates continue to tick lower, as Freddie Mac's primary mortgage market survey revealed that 30-year fixed-rate mortgages averaged 3.92% for the week ending Oct. 23 ( Housingwire.com Oct. 23).

Falling to their lowest levels since June 2013, rates dropped from 3.97% last week, and from 4.13% at this time last year.

"Fixed-mortgage rates continued to fall this week after the yield on 10-year Treasuries dropped to (its) lowest point of the year," said Frank Northaft, vice president/chief economist for Freddie Mac. "Existing-home sales beat expectations in September clocking in at an annual rate of 5.17 million units, up 2.4% from August."

Housing starts also climbed 6.3% in September, Northaft said, and building permits rose 1.5%.

The five-year Treasury-indexed hybrid adjustable-rate mortgage fell to 2.91% for the week, which is down 3% year-over-year, while the 15-year fixed-rate mortgage rate increased to 3.23% from 3.21%.

"Mortgage rates posted a very slight rebound as financial markets stabilized and tensions about the Ebola virus, corporate earnings and the global economy all eased," said a report from Bankrate.com . "Just one week ago, as financial markets were suddenly gripped with worry, volatility spiked with investors stampeding into bonds, driving both bond yields and mortgage rates lower."

The Federal Housing Finance Agency also reported Thursday that house prices rose in August by 0.5% after a 0.2% increase in July.

Year-over-year, house prices have climbed 4.8%, the agency reported.

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News of the Competition (10/24/14)

Market
  • CUPERTINO, Calif. (10/24/14)--The rollout of Apple's new tokenization payment product Apple Pay hit a speed bump this week, as reports surfaced that customers of Bank of America had been double-charged by Apple Pay on various transactions they had made ( CNNMoney.com Oct. 23). "Today I logged into my debit card account and found that I was charged twice for every purchase I made with Apple Pay," reported Samuel Burke, correspondent for CNN . "A quick search on Twitter found other people with this same problem." When Burke called his bank, Bank of America, they told him it was a problem with Apple Pay. When connected with Apple, the tech giant informed Burke there was nothing they could do because the new technology doesn't allow Apple to record names and transactions for security reasons. Apple eventually released a statement explaining that they were aware of the issue with customers from Bank of America, but that it was only affecting a small number of users, and that a fix would be available shortly...

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