RATES SUBJECT TO CHANGE DAILY.
ALL RATES SET AT THE TIME OF LOAN FUNDING
DIRECT FARM REAL ESTATE LOAN RATES
(Effective for the week of 05/13/08 thru 05/19/08)
| RATE INDEX |
TERMS |
LEVEL I |
LEVEL II |
LEVEL III |
 |
| QUARTERLY ADJ.* |
25 YEARS |
4.56% |
5.06% |
6.06% |
| ANNUAL ADJ. |
25 YEARS |
4.93% |
5.43% |
6.43% |
| 3 YEAR ADJ. |
25 YEARS |
5.75% |
6.25% |
7.25% |
| 5 YEAR ADJ. |
25 YEARS |
6.24% |
6.74% |
7.74% |
| 10 YEAR ADJ. |
25 YEARS |
6.50% |
7.00% |
8.00% |
| 25 YEAR FIXED |
25 YEARS |
6.830% |
7.350% |
8.350% |
NOTE!!! THE MAXIMUM LOAN NOT TO EXCEED $1,000,000
No prepayment penalties for early payment.
For direct farm real estate loan rates, the maximum rate charged during
the term of the loan will not increase by more than 6% from the initial
interest rate on the quarterly, annual, 3 year and 5 year adjusted rates.
*Quarterly adjustable rate loans funded prior to April 30, 2008 are indexed
to the FHLB 3 month LIBOR rate. |
|
GUARANTEED LOAN PURCHASE PROGRAM RATES
(Effective for the week of 05/13/08 thru 05/19/08)
| RATE INDEX |
BND NET RATE |
+ |
LEAD LENDER |
|
|
| QUARTERLY ADJ. |
3.31% |
+ |
SERVICE FEE |
= BORROWER RATE |
| 5 YEAR ADJ. |
4.99% |
+ |
SERVICE FEE |
= BORROWER RATE |
|
COMMERCIAL/FARM PARTICIPATION
DAILY ADJUSTABLE LOAN RATE INDEXES
| RATE INDEX (Effective 05-15-08) |
INDEX |
|
| Wallstreet 1 Month LIBOR |
2.49750% |
| Wallstreet 3 Month LIBOR |
2.71875% |
|
| RATE INDEX (Effective 05-16-08) |
INDEX |
|
| FHLB 1 Month LIBOR |
2.479% |
| FHLB 3 Month LIBOR |
2.695% |
| FHLB 1 Yr Adv Rate |
2.85% |
| FHLB 2 Yr Adv Rate |
3.38% |
| FHLB 3 Yr Adv Rate |
3.74% |
| FHLB 5 Yr Adv Rate |
4.17% |
| FHLB 7 Yr Adv Rate |
4.57% |
| FHLB 10 Yr Adv Rate |
4.86% |
|
COMMERCIAL/FARM PARTICIPATION
WEEKLY ADJUSTABLE LOAN RATE INDEXES
(Effective for the week of 05/13/08 thru 05/19/08)
| RATE INDEX
| |
INDEX
|
 |
| 90 Day Treasury Constant Maturities |
|
1.64% |
| 1 Year Treasury Constant Maturities |
|
1.94% |
| 3 Year Treasury Constant Maturities |
|
2.55% |
| 5 Year Treasury Constant Maturities |
|
3.07% |
| 10 Year Treasury Constant Maturities |
|
3.85% |
|
For further information about the interest rates or other Bank of North
Dakota programs, contact:
Bank of North Dakota
700 East Main Ave
PO Box 5509
Bismarck ND 58506-5509
(701) 328-5786
1-800-472-2166 ext. 5786
|
