The Markets. The year started with rates moving up a bit. Freddie Mac announced that for the week ending January 2, 30-year fixed rates increased to 4.53% from 4.48% the week before. The average for 15-year loans also rose to 3.55%. Adjustable rates were mixed with the average for one-year adjustables staying at 2.56% and five-year adjustables rising to 3.05%. A year ago 30-year fixed rates were at 3.34%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates edged up to begin the year on signs of a stronger economic recovery. The pending home sales index inched up 0.2 percent in November, after five consecutive months of decline. The Conference Board reported that confidence among consumers rose in December and the S&P/Case-Shiller® 20-city composite house price index [PDF] rose 13.6 percent over the 12-months ending in October 2013.” Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.
Current Indices For Adjustable Rate Mortgages
Updated January 3, 2014
| Daily Value | Monthly Value | |
| Jan 2 | November | |
| 6-month Treasury Security | 0.09% | 0.10% |
| 1-year Treasury Security | 0.13% | 0.12% |
| 3-year Treasury Security | 0.76% | 0.58% |
| 5-year Treasury Security | 1.72% | 1.37% |
| 10-year Treasury Security | 3.00% | 2.72% |
| 12-month LIBOR | 0.587% (Nov) | |
| 12-month MTA | 0.134% (Nov) | |
| 11th District Cost of Funds | 0.783% (Nov) | |
| Prime Rate | 3.25% |
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