Declining consumer loan rates and narrowing spreads in both 15- and 30-year fixed-rate mortgages mean credit unions should stay short in their funding and focus on quality assets, according to the July monthly Credit Union Rate Survey from Catalyst Strategic Solutions in Plano, Texas.

According to Catalyst’s corresponding July Market Overview and Data Report, the pace of inflation increased in June, both on the producer and consumer levels, but remains well within the acceptable upper limit established by the Federal Reserve. Stable prices helped retain consumers’ disposable income and support spending growth. Wholesale consumer prices have increased at a 2% annualized pace over the past year, the report said.

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