The Markets. Rates were significantly lower in the past week after the release of the disappointing employment report. Freddie Mac announced that for the week ending January 16, 30-year fixed rates decreased to 4.41% from 4.51% the week before. The average for 15-year loans fell to 3.45%. Adjustable rates were mixed with the average for one-year adjustables staying at 2.56% and five-year adjustables falling to 3.10%. A year ago 30-year fixed rates were at 3.38%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates drifted downward this week amid signs of a weakening economic recovery. The economy added 74,000 jobs in December, less than the market consensus forecast. Retail sales [PDF] rose 0.2 percent in December, which was nearly half of November’s 0.4 percent increase. Meanwhile, the unemployment rate fell to 6.7 percent which was the lowest since October 2008.” 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 17, 2014
| Daily Value | Monthly Value | |
| Jan 16 | December | |
| 6-month Treasury Security | 0.07% | 0.10% |
| 1-year Treasury Security | 0.11% | 0.13% |
| 3-year Treasury Security | 0.80% | 0.69% |
| 5-year Treasury Security | 1.66% | 1.58% |
| 10-year Treasury Security | 2.83% | 2.90% |
| 12-month LIBOR | 0.579% (Dec) | |
| 12-month MTA | 0.132% (Dec) | |
| 11th District Cost of Funds | 0.783% (Nov) | |
| Prime Rate | 3.25% |
Tagged: manhattan apartment, manhattan co-op, Manhattan condo, manhattan coop, Manhattan Real estate, manhattan real estate agent, manhattan real estate broker, New York city apartment, New York City Real estate, new york city real estate agent, new york city real estate broker, upper west side apartment
Adam Ashkenas Manhattan Real Estate 
Comments