Rate Page

Determines the minimum interest rate the seller must impute in a delayed 1031 transaction and report when not receiving interest on 1031 monies held by a facilitator/accomodator and sets the amount of ordinary income the facilitator/accomodator must report.

The ARM interest rate equals the 6-month T-Bill rate (at time of adjustment or an average of several prior rates), plus the lender's profit margin.

The ARM interest rate equals the 6-month T-Bill yield, plus the lender's profit margin. The index is an average of T-Bill yields with maturities adjusted to one year.

The ARM interest rate equals T-Bill average yield plus the lender's profit margin. The index is an average of the one-year T-Bill rates for the past 12 months.

This rate is a leading indicator of the direction of future FHLMC rates, which historically run around 1.4% higher during a stable money market. The rate is comprised of the level of worldwide demand for the dollar and anticipated future domestic inflation.

The average 30-year committment rate is the rate at which a lender commits to lend mortgage money in the United States as reported by FHLMC. More information is available here.

6-Month Treasury Bill — average auction rate
Week Ending 01/30/09 0.30%	Month ago 12/31/08 0.25%	Year ago 01/30/08 3.39%
The ARM interest rate equals the 6-month T-Bill rate (at time of adjustment or an average of several prior rates), plus the lender's profit margin.
Treasury securities average yield — 1-year constant maturity
Week Ending 01/30/08 0.40%	Month ago 12/24/08 0.96%	Year ago 01/31/08 3.42%
The ARM interest rate equals the 6-month T-Bill yield, plus the lender's profit margin. The index is an average of T-Bill yields with maturities adjusted to one year.
12-month Treasury Average
Month of 01/09 1.82%	Month ago 12/08 2.05%	Year ago 01/08 4.32%
The ARM interest rate equals T-Bill average yield plus the lender's profit margin. The index is an average of the one-year T-Bill rates for the past 12 months.
Cost-of-Funds Index (11th FHLBB District)
Month of 01/09 3.15%	Month ago 12/08 3.13%	Year ago 01/08 4.07%
The ARM interest rate equals Cost-of-Funds, plus the lender's profit margin. Current index reflects the cost of funds two months' prior. More information is available here.
London Inter-Bank Offered Rate January 2009
1 Month 0.41%	6 Month 1.68%	1 Year 1.92%
The ARM interest rate equals the LIBOR rate plus the lender's profit margin. The rate is set by the banks in London, England.
Prime Rate
Week ending 01/30/09 3.25%	Month ago 12/26/08 3.25%	Year ago 01/30/08 6.43%
The prime rate is used by banks to price short-term business loans and set ARMs tied to the prime rate. Historically the rate is 3% over the Federal Funds Target Rate.
Discount Rate — Federal Reserve Bank of San Francisco
Month of 02/09 0.5%	Month ago 01/09 0.5%	Year ago 01/08 4.00%
Usury law limits the anunal interest yield on nonexempt loans to 10%, or the discount rate plus 5%, whichever is greater. The discount rate is charged on loans made by the the Federal Reserve Bank to its members. More information is available here.
Applicable Federal Rates — January 2009
Short ( to 3 years) 0.60%	Medium (3 to 9 years) 1.65%	Long ( 9+ years) 2.96%
Determines minimum interest rates on non-exempt carryback financing. The AFR category is determined by the carrybqack due date. *Rates are for monthly payments. Click here for AFRs on other payment periods.
10-year T-Bonds — average market yield
Current 01/30/09 2.87%	Month ago 12/26/08 2.18%	Year ago 02/01/08 3.67%
This rate is a leading indicator of the direction of future FHLMC rates, which historically run around 1.4% higher during a stable money market. The rate is comprised of the level of worldwide demand for the dollar and anticipated future domestic inflation.
Average 30-year conventional committment rate
Week Ending 01/30/09 5.10%	Month ago 12/31/08 5.10%	Year ago 01/31/08 5.68%
The average 30-year committment rate is the rate at which a lender commits to lend mortgage money in the United States as reported by FHLMC. More information is available here.
Consumer Price Index — Urban Consumer (CPI-U) (1982-84=100)
San Francisco					Los Angeles
December 2007				218.48	December 2007		219.37
December 2008				218.53	December 2008		219.62
Annual Change				+0.02%	Annual Change		+0.01%
The CPI is used in leases to adjust rents. San Diego CPI-U is published semiannually and figures are 214.73 for the first half of 2007 and 221.73 for the first half of 2008, a 3.17% increase over the same period last year. More information about the CPI is available here.
Rate Analysis for Private Lender Section 32 Reg Z Loans
Monthly*		6-month	1-year	2-year	3-year	5-year	7-year
January 2009		0.26	0.49	0.82	1.07	1.52	1.89
On junior trust deed loans a margin of 5 - 8% points is added to the Index Figure (Cost-of-Funds Rate) for the maturity date of a treasury equal in length to the pay off date of the loan to set the Section 32 threshold for term limitations and additional disclosures on the loan, when originated in California. If the APR for the loan is greater than the Section 32 threshold, term limitations and disclosures are triggered. The separate points-and-fees test may also bring a loan within Section 32 limitations and disclosures. See first tuesday form 223, Supplemental Truth-in-Lending Section 32 Disclosure.