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504 Rate Update

504 September 2015 Rates


4.215% – 10 Year Debenture Effective Rate *

4.890% – 20 Year Debenture Effective Rate *


Stability is an Underrated Virtue
The Summer of 2015 has been hectic. The roller coaster that is the Shanghai Composite Index has, along with a non-stop debate regarding the rate intentions of the Fed, provided the ultimate antidote to what should have been a pleasantly distracting August.
However, the 504 program delivers the appropriate counter: a pleasantly uneventful twenty year fixed rate, largely unchanged through this past summer of our discontent.

Chart and Statistical Data is from May 2006 to September 2015

Debenture Rate 10 Year T-Note
Spread Over T-Note
September 2015
2.21% 0.61%
3.01% 0.84%
2.89% 0.65%
0.009487039 0.005869069

Consistency is its’ own reward, leading to cardinal virtues such as predictability and orderly repayment, things which are themselves their own reward.

We welcome the opportunity to earn your business

* Note: Rates are subject to credit determination & auction pricing. Past performance is no guarantee of future results.

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South Central Tennessee Development
101 Sam Watkins Blvd.
Mount Pleasant, TN 38474
Office (931) 379-2918
Fax (931) 379-2640

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