INTEREST RATE SURVEY.
INTEREST RATE SURVEY
CERTIFICATE OF
DEPOSIT YIELDS
$10,000 $50,000 $100,000
6 mo. 1 yr 6 mo. 1 yr 6 mo. 1 yr
Banco Popular 5.72 5.72 5.72 5.72 5.88 6.14
Bank of America 5.35 5.75 5.45 5.90 5.80 6.15
Calif. Bank & Trust 4.71 5.13 4.92 5.18 5.28 5.55
Calif. Fed. Bank 4.00 5.75 4.00 5.75 4.00 5.75
Cathay Bank 4.91 5.01 5.12 5.22 5.22 5.33
Citibank 5.20 5.65 5.20 5.65 5.20 5.65
Community Com. Bk 5.96 6.38 5.96 6.38 5.96 6.38
Downey Savings 5.60 6.00 5.60 6.00 5.60 6.00
Fidelity Federal Bank 5.39 6.18 5.65 6.25 5.75 6.25
First Bk of Bev. Hills 5.90 6.20 5.90 6.20 5.90 6.20
First Fed. Bank CA 5.30 5.72 5.46 5.72 5.72 5.98
First Republic Bank 4.60 6.25 4.60 6.25 4.60 6.25
Fremont Invest. & L 6.15 6.25 6.15 6.25 5.90 6.00
Gilmore Bank 4.65 4.96 4.65 4.96 4.96 5.20
Imperial T & L 6.20 6.40 6.20 6.40 6.20 6.40
Lockheed Fed. C.U. 5.55 6.05 5.55 6.05 5.80 6.31
Manufacturers Bank 5.34 5.55 5.34 5.55 5.39 5.60
Northern Trust Bank 5.45 6.10 5.45 6.10 5.85 6.20
Pacific Bus. Bank 5.06 5.25 5.06 5.25 5.29 5.63
Pacific Crest Bank 5.75 6.35 5.75 6.35 5.75 6.35
People's Bk of CA 4.50 6.50 4.50 6.50 4.50 6.50
PFF Bank & Trust 5.95 5.95 6.05 6.05 6.10 6.15
Sanwa Bank 5.44 5.65 5.44 5.65 5.50 5.65
Southern CA Bank 4.18 4.23 4.28 4.59 NA NA
Southern Pacific Bk 6.32 6.66 6.42 6.76 6.21 6.55
The California CU 5.50 5.90 5.50 5.90 5.55 5.93
The Pacific Bank 4.76 5.00 4.76 5.00 5.13 5.13
Trust Bank F.S.B. 4.75 5.00 4.85 5.10 5.25 5.50
Union Bank of CA 5.34 5.44 5.44 5.60 5.79 6.16
Universal Bank 4.55 4.60 4.85 4.90 4.80 4.85
Wells Fargo Bank 4.15 4.20 4.20 4.25 4.30 4.35
Western Financial 4.30 6.25 4.30 6.25 4.30 6.25
World Sav. Bank 5.00 5.24 5.00 5.24 5.76 6.02
JUMBO MORTGAGE LOANS
Fixed rate Adjustable
Rate/points APR Rate/points APR
Banco Popular NA NA NA NA
Bank of America 8.25/2.125 8.50 5.25/0.00 7.20
Calif. Bank & Trust 8.375/1.50 8.54 5.75/0.50 8.01
Calif. Fed. Bank 8.25/2.165 8.51 4.20/0.00 7.30
Cathay Bank 8.50/0.875 8.63 NA NA
Citibank NA NA NA NA
Community Com. Bk NA NA NA NA
Downey Savings 8.125/2.125 8.38 3.95/1.00 7.60
Fidelity Federal Bank 8.50/1.50 8.68 NA NA
First Bk of Bev. Hills NA NA NA NA
First Fed. Bank CA 8.375/2.125 8.66 4.95/1.25 7.55
First Republic Bank NA NA NA NA
Fremont Invest. & L NA NA NA NA
Gilmore Bank NA NA NA NA
Imperial T & L NA NA NA NA
Lockheed Fed. C.U. NA NA NA NA
Manufacturers Bank NA NA NA NA
Northern Trust Bank NA NA NA NA
Pacific Bus. Bank NA NA NA NA
Pacific Crest Bank NA NA NA NA
People's Bk of CA 8.625/2.00 8.87 6.625/2.00 8.92
PFF Bank & Trust 8.875/1.00 9.08 4.125/1.00 7.32
Sanwa Bank 8.50/1.125 8.72 7.25/1.125 7.82
Southern CA Bank NA NA NA NA
Southern Pacific Bk NA NA NA NA
The California CU NA NA NA NA
The Pacific Bank NA NA NA NA
Trust Bank F.S.B. 8.75/0.75 8.94 NA NA
Union Bank of CA 8.50/2.00 8.74 6.28/1.00 8.92
Universal Bank NA NA NA NA
Wells Fargo Bank NA NA NA NA
Western Financial NA NA NA NA
World Sav. Bank 9.15/1.50 9.34 4.25/1.00 7.58
KEY RATES-RATES/YIELDS AS OF FEB. 16, 2000
Prime rate (Base rate on corporate loans from
U.S. banks)8.75 Discount rate (Federal Reserve) 5.25
11th district cost of funds (Index used to
compute adjustable mortgages -Dec. 99) 4.852
National cost of funds (Monthly median-Sav.
Assoc. Ins. Fund -Nov. 99) 4.57
Average jumbo fixed-rate mortgage on a
resold home (Southern California, Feb. 10) 8.28%/2.03pts
Average jumbo adjustable-rate mortgage on a
resold home (Southern California, Feb.10) 7.13%/1.68pts
Short-term Treasury bills (yields/H-15) 3-Month: 5.49 6-Month: 5.72
Certificates of Deposit (yields/H-15) 3-Month: 6.01 6-Month: 6.25
Corporate bonds (Average for bonds rated Aaa by Moody's) 7.69
Annual percentage yields (APY APY See: Annual Percentage Yield ) for CDs are shown except when only the rate is available. (+.)Some Thrift thrift: see leadwort. & Loans offer "Investment Certificates" which are callable Callable Applies mainly to convertible securities. Redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually. with a 30-day notice and otherwise comparable to CDs and are insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. by FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (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 Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. 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 ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. prior to making an investment decision. This chart is not an endorsement A signature on a Commercial Paper or document. An endorsement on a negotiable instrument, such as a check or a promissory note, has the effect of transferring all the rights represented by the instrument to another individual. for institutions or products shown above. Rates for both fixed and adjustable mortgages are for 30-year loans of at least $500,000. The rates for adjustable mortgages are a low introductory rate for the first adjustment period. ARM borrowers are advised to query To interrogate a collection of data such as records in a database. The term may also be used to search a single file or collection of files such as HTML files on the Web. However, in addition to obtaining lists of records that match the search criteria, queries to a database allow for 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 rates and terms for different loan amounts. |
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