The Markets. Rates were stable in the past week, holding near lower levels after dropping over the past month. Freddie Mac announced that for the week ending February 13, 30-year fixed rates increased to 4.28% from 4.23% the week before. The average for 15-year loans remained at 3.33%. Adjustable rates were mixed as well with the average for one-year adjustables rising to 2.55% and five-year adjustables slipping to 3.05%. A year ago 30-year fixed rates were at 3.53%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans were little changed amid a week of light economic reports. Of the few releases, the economy added 113,000 jobs in January, which was below the market consensus forecast and followed a slight upward revision of 1,000 jobs in December. Meanwhile, the unemployment rate fell to 6.6 percent, which makes thirteen consecutive months without an increase.” 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 February 14, 2014
| Daily Value | Monthly Value | |
| Feb 13 | January | |
| 6-month Treasury Security | 0.08% | 0.07% |
| 1-year Treasury Security | 0.12% | 0.12% |
| 3-year Treasury Security | 0.70% | 0.78% |
| 5-year Treasury Security | 1.51% | 1.65% |
| 10-year Treasury Security | 2.73% | 2.86% |
| 12-month LIBOR | 0.575% (Jan) | |
| 12-month MTA | 0.129% (Jan) | |
| 11th District Cost of Funds | 0.784% (Dec) | |
| Prime Rate | 3.25% |
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