INTEREST RATE SURVEY.
INTEREST RATE SURVEY
CERTIFICATE OF DEPOSIT YIELDS
$10,000 $50,000
6 mo 1 yr 6 mo. 1 yr
Banco Popular N.A. 2.45 2.61 2.56 2.71
Calif. Bank & Trust 2.02 2.07 2.02 2.07
Calif. Fed. Bank 2.35 2.40 2.35 2.40
Cathay Bank 2.22 2.32 2.32 2.43
Citibank 1.75 1.90 1.75 1.90
Community Com. Bk 2.73 2.94 2.73 2.94
Downey Savings 2.25 2.40 2.25 2.40
Fidelity Federal Bank 2.28 2.58 2.28 2.58
First Bk of Bev. Hills 2.55 2.75 2.85 3.00
First Fed. Bank CA 2.47 2.73 2.52. 2.78
First Fidelity 3.00 3.25 3.00 3.25
Invest. & L
First Republic Bank 3.15 3.30 3.15 3.30
Fremont Invest. & L 3.41 3.35 3.41 3.35
Hawthorne 2.38 2.63 2.38 2.63
Savings, F.S.B.
Imperial Capital Bank 3.10 3.30 3.10 3.30
IndyMac Bank 3.10 3.25 3.15 3.25
Manufacturers Bank 2.12 2.22 2.12 2.22
Northern Trust Bank 2.30 2.60 2.30 2.60
Pacific Bus. Bank 2.25 2.26 2.25 2.26
Pacific Crest Bank 2.50 2.75 3.00 3.25
People's Bk of CA 2.80 2.90 2.80 2.90
PFF Bank & Trust 2.60 2.65 2.60 2.65
Provident Bank 2.05 2.10 2.10 2.15
Quaker City Bank 2.50 2.75 2.50 2.75
Southern Pacific Bk 3.25 3.44 3.35 3.55
The California CU 2.45 2.65 2.45 2.65
Trust Bank 2.45 2.50 2.55 2.65
Union Bank of CA 2.12 2.22 2.12 2.28
Universal Bank 2.20 2.50 2.40 2.50
Washington Mutual 2.20 2.36 2.20 2.36
Wells Fargo Bank 2.00 2.20 2.10 2.25
Western Financial 2.25 3.25 2.25 3.25
World Say. Bank 3.00 2.90 3.00 2.90
CERTIFICATE OF DEPOSIT JUMBO MORTGAGE LOANS
YIELDS
$100,000 Fixed rate
6 mo. 1 yr Rate/points
Banco Popular N.A. 2.71 2.86 NA
Calif. Bank & Trust 2.02 2.07 7.0011.00
Calif. Fed. Bank 2.35 2.40 6.50/2.002
Cathay Bank 2.38 2.48 7.125/0.50
Citibank 1.75 1.90 6.37512.375
Community Com. Bk 2.73 2.94 NA
Downey Savings 2.25 2.40 6.25/2.00'
Fidelity Federal Bank 2.30 2.60 6.40/1.00
First Bk of Bev. Hills 2.85 3.00 NA
First Fed. Bank CA 2.52 2.78 6.50/2.125
First Fidelity 3.00 3.25 NA
Invest. & L
First Republic Bank 3.15 3.30 NA
Fremont Invest. & L 3.16 3.10 NA
Hawthorne 2.38 2.63 NA
Savings, F.S.B.
Imperial Capital Bank 3.10 3.30 NA
IndyMac Bank 3.15 3.25 NA
Manufacturers Bank 2.17 2.28 NA
Northern Trust Bank 2.55 2.70 NA
Pacific Bus. Bank 2.45 2.46 NA
Pacific Crest Bank 3.00 3.25 NA
People's Bk of CA 2.80 2.90 6.625/1.0
PFF Bank & Trust 2.70 2.75 6.75/2.00
Provident Bank 2.10 2.15 6.50/1.875
Quaker City Bank 2.50 2.75 NA
Southern Pacific Bk 3.40 3.60 NA
The California CU 2.60 2.81 NA
Trust Bank 2.60 2.70 6.50/1.75
Union Bank of CA 2.13 2.26 6.75/2.00
Universal Bank 2.40 2.50 NA
Washington Mutual 2.20 2.36 6.50/0.875
Wells Fargo Bank 2.10 2.25 NA
Western Financial 2.25 3.25 7.31/0.00
World Say. Bank 2.22 2.33 6.95/1.50
JUMBO MORTGAGE LOANS
Fixed rate Adjustable
APR Rate/points APR
Banco Popular N.A. NA NA NA
Calif. Bank & Trust 7.13 NA NA
Calif. Fed. Bank 6.72 4.25/0.825 4.93
Cathay Bank 7.20 NA NA
Citibank 6.63 4.625/1.125 5.19
Community Com. Bk NA NA NA
Downey Savings 6.46 4.625/1.25 6.47
Fidelity Federal Bank 6.55 NA NA
First Bk of Bev. Hills NA NA NA
First Fed. Bank CA 6.74 4.95/1.25 6.69
First Fidelity NA NA NA
Invest. & L
First Republic Bank NA NA NA
Fremont Invest. & L NA NA NA
Hawthorne NA 2.95/0.00 7.67
Savings, F.S.B.
Imperial Capital Bank NA NA NA
IndyMac Bank NA NA NA
Manufacturers Bank NA NA NA
Northern Trust Bank NA NA NA
Pacific Bus. Bank NA NA NA
Pacific Crest Bank NA NA NA
People's Bk of CA 6.75 NA NA
PFF Bank & Trust 6.93 3.875/0.00 6.33
Provident Bank 6.70 2.95/1.00 6.43
Quaker City Bank NA 3.95/1.00 7.07
Southern Pacific Bk NA NA NA
The California CU NA NA NA
Trust Bank 7.09 NA NA
Union Bank of CA 6.97 3.875/1.00 5.00
Universal Bank NA NA NA
Washington Mutual 6.62 2.95/1.00 6.13
Wells Fargo Bank NA NA NA
Western Financial 7.35 6.75/0.00 6.24
World Say. Bank 7.11 3.95/1.00 6.71
KEY RATES RATES/YIELDS AS OF NOV. 7, 2001
Prime rate (Base rate on corporate) 5.00 Discount rate 1.50
loans from U.S. banks) (Federal Reserve)
11th district cost of funds (Indes 3.974
used to compute adjustable mortgages
-Sep. 01)
National cost of funds (Monthly 4.59
median-Sav. Assoc. Ins. Fund - Aug.
01)
Average jumbo fixed-rate mortgage 6.27%1.7pts
on a resold home (Southern
California, Nov. 1)
Average jumbo adjustable-rate 5.59%1.17pts
mortgage on a resold home
(Southern California, Nov.1)
Short-term Treasury bills 3-Month: 2.01 6-Month: 1.93
(yields/H-15)
Certificates of Deposit (yields 3-Month: 2.11 6-Month: 2.08
/H-15)
Corporate bonds (Average for bonds 6.86
rated Aaa Moody's)
Annual percentage yiels (APY) for ODS are shown except when only the
rate is available.
(+)Some Thrift & Loans offer investment Certificates which are callable
with a 30-day notice and otherwise comparable to CDs and are insured by
FDIC. Some rates and APYs reflect the most recent quote. All deposit
APYs quoted are insured (FDIC/Savings Assoc. Ins. Fund). The
institutions listed above, the Los Angeles Business Journal and Mortgage
News Co. are not responsible for errors, omissions or rate changes. The
rates/yields are shown for comparison only and specific yields/rates
should be verified prior to making an investment decision. This chart is
not an endorsement for institutions or products shown above.
Rates for both fixed and adjustable mortgage are for 30-year loans of at
least $500,000. The rates for adjustable mortgage are a low introductory
rate for the first adjustment period. ARM borrowers are advised to query
lenders about the rate index used, adjustment frequency, negative
amortization, payment caps, lender's margin and conversion to a fixed
rate. All loans have additional fees. All lenders provide loans with
different loan amounts. For other loan information call (805) 772-9500
All data copyright [c] 2001 Mortgage News Co., Morro Bay
COPYRIGHT 2001 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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