Comparisons of various rate indexes,

Prime Rate

The last reported rate is: 3.25%
Effective Since December 16, 2008

The Prime Rate is the interest rate that banks charge to preferred customers. Changes in the prime rate are publicized in the business media. Prime rate can be used as the basis for adjustable rate mortgages (ARMs) or home equity lines of credit. The prime rate also affects the current interest rates being offered at a particular point in time on fixed mortgages. Changes in the prime rate do not affect the interest on a fixed mortgage.

 Historical Chart

Prime Rate
Month     2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Jan     9.50% 4.75% 4.25% 4.00% 5.25% 7.25% 8.25% 7.25% 3.25% 3.25%
Feb     8.50% 4.75% 4.25% 4.00% 5.25% 7.50% 8.25% 6.00% 3.25% 3.25%
Mar     8.50% 4.75% 4.25% 4.00% 5.50% 7.75% 8.25% 6.00% 3.25% 3.25%
Apr     8.00% 4.75% 4.25% 4.00% 5.75% 7.75% 8.25% 5.25% 3.25% 3.25%
May     7.50% 4.75% 4.25% 4.00% 5.75% 7.75% 8.25% 5.00% 3.25% 3.25%
Jun     7.00% 4.75% 4.25% 4.00% 6.00% 8.00% 8.25% 5.00% 3.25% 3.25%
Jul     6.75% 4.75% 4.00% 4.25%  6.25% 8.25% 8.25% 5.00% 3.25% 3.25%
Aug     6.75% 4.75% 4.00% 4.25%  6.25% 8.25% 8.25% 5.00% 3.25% 3.25%
Sep     6.50% 4.75% 4.00% 4.50% 6.50% 8.25% 8.25% 5.00% 3.25%  
Oct     6.00% 4.75% 4.00% 4.75% 6.75% 8.25% 7.75% 5.00% 3.25%  
Nov     5.50% 4.75% 4.00% 4.75% 7.00% 8.25% 7.50% 4.00% 3.25%  
Dec     5.00% 4.25% 4.00% 5.00% 7.00% 8.25% 7.25% 4.00% 3.25%  
Source: Federal Reserve Board & FHA (back to top)

 

11th District Cost of Funds Index

The last reported rate is:1.797 %
Effective through August 2010
The 11th District Cost of Funds Index

A monthly weighted average of the interest rates paid on checking and savings accounts offered by financial institutions operating in the states of Arizona, California and Nevada. Published on the last day of each month, the COFI represents the cost of funds for western American financial institutions.   The COFI is not an interest rate. It reflects the interest expenses reported for a given month by the COFI Reporting Members, as described below. The interest expenses are incurred from the COFI Reporting Members' various sources of funds. Deposits -- including checking and savings accounts, certificates of deposit, money market deposit accounts, transaction accounts, and passbook accounts (collectively known as "Deposit Accounts") -- are the primary source of funds for most savings institutions. Other sources of funds include loans obtained through the credit program of the Bank (known as "advances") and from other sources.

Notes: The COFI is computed using several different factors, with interest paid on savings accounts comprising the largest weighting in the average. Because of this, the index tends to exhibit low volatility and follow market interest rate changes somewhat slowly it is generally regarded as a two-month lagging indicator of market interest rates. Because it is computed using data from three western states, the COFI is primarily used in the western U.S. while the Treasury Index is the measure of choice in the east. This index reported monthly.  The reported rate may lag behind two months (for instance, January's is reported in March, February's is reported in April, etc.)

 Historical Chart

11th District Cost of Funds Index
Month     2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Jan     5.514% 2.823% 2.308% 1.811% 2.183% 3.347% 4.392% 3.970% 3.155% 1.786%
Feb     5.426% 2.744% 2.257% 1.841% 2.317% 3.604% 4.376% 3.560% 2.455% 1.614%
Mar     5.198% 2.653% 2.210% 1.815% 2.400% 3.624% 4.299% 3.280% 2.003% 1.859%
Apr     4.946% 2.723% 2.208% 1.802% 2.515% 3.759% 4.224% 3.111% 1.627% 1.825%
May     4.745% 2.772% 2.130% 1.708% 2.622% 3.884% 4.293% 2.918% 1.380% 1.791%
Jun     4.498% 2.847% 2.113% 1.758% 2.676% 4.090% 4.283% 2.829% 1.832% 1.797%
Jul     4.274% 2.821% 2.018% 1.816% 2.757% 4.177% 4.277% 2.698% 1.599%  
Aug     4.106% 2.763% 1.946% 1.875% 2.870% 4.277% 4.359% 2.693% 1.412  
Sep     3.974% 2.759% 1.923% 1.931% 2.972% 4.382% 4.383% 2.769% 1.272%  
Oct     3.628% 2.708% 1.909% 1.960% 3.074% 4.346% 4.233% 3.155% 1.259%  
Nov     3.368% 2.537% 1.821% 2.025% 3.190% 4.358% 4.172% 3.155% 2.094%  
Dec     3.074% 2.375% 1.902% 2.118% 3.296% 4.396% 4.072% 3.155% 1.828%  
Source: Federal Home Loan Bank of San Francisco &  thefreedictionary.com(back to top)

1 Year LIBOR

The last reported rate is: 1.03669%

London interbank offered rate (LIBOR) The basic short-term rate of interest in the Eurodollar market and the rate to which many Eurodollar loans and deposits are tied. The LIBOR is similar in concept to that of the prime rate in the United States except that it is less subject to individual bank management.

 
 
 
Historical Chart 
1 Year LIBOR
Month 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Jan 5.284% 2.420% 1.477% 1.461% 3.271% 4.941% 5.441% 4.224% 2.00375% 0.98438%
Feb 4.925% 2.496% 1.368% 1.365% 3.511% 5.153% 5.333% 2.849% 1.97500% 0.84625%
Mar 4.670% 3.006% 1.340% 1.340% 3.842% 5.248% 5.201% 2.709% 2.11938% 0.83938%
Apr 4.330% 2.613% 1.362% 1.808% 3.710% 5.422% 5.297% 2.486% 1.97188% 0.92000%
May 4.259% 2.634% 1.221% 2.076% 3.779% 5.414% 5.389% 3.079% 1.87688% 1.01563%
Jun 4.055% 2.251% 1.201% 2.468% 3.863% 5.766% 5.405% 3.164% 1.60000% 1.20406%
Jul 3.835% 2.070% 1.279% 2.463% 4.175% 5.591% 5.426% 3.311% 1.60625% 1.17313%
Aug 3.600% 1.943% 1.471% 2.300% 4.312% 5.450% 5.245% 3.253% 1.49750% 1.03669%
Sep 2.650% 1.813% 1.286% 2.445% 4.407% 5.299% 5.275% 3.207% 1.33000%  
Oct 2.311% 1.664% 1.455% 2.529% 4.677% 5.335% 4.901% 3.963% 1.26375%  
Nov 2.492% 1.705% 1.487% 2.961% 4.738% 5.244% 4.638% 3.174% 1.19938%  
Dec 2.445% 1.447% 1.458% 3.100% 4.823% 5.314% 4.458% 2.76625% 1.01750%  
Sources: Fannie Mae, British Bankers' AssociationAdditional LIBOR data can be found at Fannie Mae and British Bankers' Association. (back to top)

1 Year Constant Maturity Treasury Rate (CMT)

The last reported rate is:  0.29%

Used by the Federal Reserve Board to quote the yields on various treasury securities, adjusted to an equivalent maturity. Constant maturity yields are often used by lenders to determine mortgage rates. For example, the 1 year constant maturity rate might be 4%, while the lender charges 5% to borrowers for a 1 year loan. The 1% difference is the lender's profit margin.

Notes:
By providing the constant maturity yields, the Fed allows investors to compare against securities with the same maturity date (such as corporate bonds).

This rate is updated after the Federal Reserve releases its information the first Monday of the month

 Historical Chart

1 Year Constant Maturity Treasury Rate
Month     2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Jan     6.12% 4.81% 2.16% 1.36% 1.24% 2.86% 4.45% 5.06% 2.71% 0.44% 0.35%
Feb     6.22% 4.68% 2.23% 1.30% 1.24% 3.03% 4.68% 5.05% 2.05% 0.62% 0.35%
Mar     6.22% 4.30% 2.57% 1.24% 1.19% 3.30% 4.77% 4.92% 1.54% 0.64% 0.40%
Apr     6.15% 3.98% 2.48% 1.27% 1.43% 3.32% 4.90% 4.93% 1.74% 0.55% 0.45%
May     6.33% 3.78% 2.35% 1.18% 1.78% 3.33% 5.00% 4.91% 2.06% 0.50% 0.37%
Jun     6.17% 3.58% 2.20% 1.01% 2.12% 3.36% 5.16% 4.96% 2.42% 0.51% 0.32%
Jul     6.08% 3.62% 1.96% 1.12% 2.10% 3.64% 5.22% 4.96% 2.28% 0.48% 0.29%
Aug     6.18% 3.47% 1.76% 1.31% 2.02% 3.87% 5.08% 4.47% 2.18% 0.46%  
Sep     6.13% 2.82% 1.72% 1.24% 2.12% 3.85% 4.97% 4.14% 1.91% 0.40%  
Oct     6.01% 2.33% 1.65% 1.25% 2.23% 4.18% 5.01% 4.10% 1.42% 0.37%  
Nov     6.09% 2.18% 1.49% 1.34% 2.50% 4.33% 5.01% 3.50% 1.07% 0.31%  
Dec     5.60% 2.22% 1.45% 1.31% 2.67% 4.35% 4.94% 3.26% 0.49% 0.37%  
Source: Federal Reserve Board(back to top)

12 Month Treasury Average (12 MTA)

The last calculated rate is: 0.370%

This index is the 12 month average of the monthly average yields of U.S. Treasury securities adjusted to a constant maturity of one year.  In plain English, this index is calculated by averaging the previous 12 rates of the 1 Year CMT.   Because this particular index is an annual average, it is more steady than the 1 Year Treasury Index.  It fluctuates slightly more than the 11th District Cost of Funds, although its movements track each other very closely, as shown on these comparison charts. (Note: This rate is updated after the Federal Reserve releases its data on the first Monday of each month.

 Historical Chart 
12 Month Treasury Average (12 MTA)
Month     2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Jan     5.999% 3.260% 1.935% 1.234% 2.022% 3.751% 4.983% 4.326% 1.633% 0.463%
Feb     5.871% 3.056% 1.858% 1.229% 2.171% 3.888% 5.014% 4.076% 1.514% 0.441%
Mar     5.711% 2.912% 1.747% 1.225% 2.347% 4.011% 5.027% 3.794% 1.439% 0.421%
Apr     5.530% 2.787% 1.646% 1.238% 2.504% 4.143% 5.029% 3.528% 1.340% 0.413%
May     5.318% 2.668% 1.548% 1.288% 2.633% 4.282% 5.022% 3.291% 1.210% 0.402%
Jun     5.102% 2.553% 1.449% 1.381% 2.737% 4.432% 5.005% 3.079% 1.051% 0.386%
Jul     4.897% 2.414% 1.379% 1.463% 2.865% 4.563% 4.983% 2.856% 0.901% 0.370%
Aug     4.671% 2.272% 1.342% 1.522% 3.019% 4.664% 4.933% 2.665% 0.758%  
Sep     4.395% 2.180% 1.302% 1.595% 3.163% 4.758% 4.863% 2.479% 0.632%  
Oct     4.088% 2.123% 1.268% 1.677% 3.326% 4.827% 4.788% 2.256% 0.544%  
Nov     3.763% 2.066% 1.256% 1.773% 3.478% 4.883% 4.662% 2.053% 0.481%  
Dec     3.481% 2.002% 1.244% 1.887% 3.618% 4.933% 4.522%  1.823% 0.471%