July 2008 Applicable Federal Rates Summary:
SHORT TERM AFR - Semi-annual Compounding - 2.41% (2.07%/June -- 1.63%/May -- 1.84%/April -- 2.24%/March)
MID TERM AFR - Semi-annual Compounding - 3.42% (3.20%/June -- 2.72%/May -- 2.85% /April -- 2.95%/March)
LONG TERM AFR - Semi-annual Compounding - 4.55% (4.46%/June -- 4.17%/May -- 4.35%/April -- 4.23%/March)
DIRECTION OF RATES: Up
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