Provided By:
THE COST OF BORROWING
| LOAN/INVESTMENT | TERM | CURRENT | 5 WKS. AGO | 6 MOS. AGO | REMARKS |
|---|---|---|---|---|---|
| Multi-family; becomes ARM after fixed ends; 1st TD | Fixed 5 yrs Fixed 10 yrs |
5.875% 6.35% |
6.20% 6.40% |
6.625% 7% |
Loan amts of $1 M+ 1.20 debt coverage ratio; 75% LTV; |
| Fannie Mae conforming (1 unit) 1st TD owner occ. | 30 Yr fixed | 5.625% | 5.875% | 6.5% | Rate based on ~ 1 point fee; 1unit: $766,550; 2: $981,500; 3: $1,186,350; 4: $1,474,400; |
| Income Property ("A" Paper) 1st TD | 5-10 Yr fixed | 6.125 - 6.5% |
6.25- 6.625% |
6.75 - 7.125% |
$1,000,000 minimum |
| Income Property ("B" Paper) 1st TD | 1-10 Yr ARM | 7.875- 8.375% |
8%- 8.5% |
7.5- 8.37% |
$500,000-$2,000,000 |
| 2-4 Unit Residential 1st TD non-owner occ. | 30 Yr FIXED | 6.99% | 7.125% | 7.75% | 1.16 loan points; 75% LTV purchase; |
| Apartments (5 units+) 1st TD | 30 Yr ARM | 6.27% | 6.75% | 7.41% | Based on current one year treasury + 2.35 margin |
| US Treasury Securities Yields | 5 Yr 10 Yr 30 Yr |
3.56% 3.78% 4.12% |
3.66% 3.81% 4.10% |
4.32% 4.31% 4.45% |
As of 09/30/24 , 2 Yr Treas = 3.64% |
| Bank Prime Rate (Wall St Jrl) | Daily | 8.% | 8.50% | 8.50% | Last change 9-18-24 (down 50 basis points) |
| Federal Reserve Discount Rate | Daily | 5% | 5.50% | 5.50% | Available to depository Institutions only |
| Federal Funds (effective rate) | Daily | 4.83% | 5.33% | 5.33% | Overnight rate |
|
Wells Fargo Cost of Savings Index (COSI) |
Monthly Change | 4.46% | 4.52% | 4.53% | Reflects weighted avg interest rate on CD’s to individuals; As of: July 2024 |
|
Avg credit card interest rate;(commercial banks) |
Monthly int. rate accrual |
21.51% | 21.51% |
21.47% |
Fed Reserve data as of May 2024 |
| Secured Overnight Financing Rate “SOFR” | 30 day avg 90 day avg |
5.34% 5.37% |
5.35% 5.37% |
5.33% 5.35% |
Used as an adjustable rate loan index |
| New car loan | 4 year | 7.27% | 7.84% | N/A |
Per Wall St. Journal |
| Treasury Bills, Yield | 3 month 6 month |
4.59% 4.38% |
5.09% 4.88% |
5.37% 5.28% |
As of 09/30/2024 |
| Treasury Security Yield Adj/constant maturity | 1year A) Current B) 12 mo avg |
3.92% 5.05% |
4.40% 5.12% |
5.06% 5.11% |
As of 09/30/2024 12 mo avg = 12 MAT |
| Money Market Funds (brokerage house) | Daily | N/A | N/A | N/A | Annualized yield, per Wall St. Journal |
|
Bitcoin |
Daily |
$63,169 |
63,107 |
$66,891 |
As of 09/30/2024; |
| Gold (per ounce) | Daily | $2,651 | $2,542 | $2,270 | As of 09/30/2024 |
| Oil (WTI crude) per barrel | Daily | $70.60 | $77.13 | $84.15 | As of 09/30/2024 |
| Dow Jones Industrial Avg | Daily | 42,125 | 41,241 | 39,567 | As of 09/30/2024 |
Rates effective thru Friday, September 27, 2024 (unless otherwise designated)
Consumer Price Index (US consumers), Month of Aug 2024: Up -0.08%; last 12 months: Up 2.5% (320.017)