The Markets. Rates continued to ease in the past week. Freddie Mac announced that for the week ending April 17, 30-year fixed rates decreased to 4.27% from 4.34% the week before. The average for 15-year loans fell to 3.33%. Adjustables were mixed with the average for one-year adjustables increasing to 2.44% and five-year adjustables slipping to 3.03%. A year ago 30-year fixed rates were at 3.41%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans continued to ease this week as housing starts rose 2.8 percent in March but not as much as expected. Also, permits fell 2.4 percent in March to a seasonally adjusted annual rate of 990,000, which followed a slight downward revision of 4,000 permits in February.” 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 April 18, 2014
| Daily Value | Monthly Value | |
| April 17 | March | |
| 6-month Treasury Security | 0.05% | 0.08% |
| 1-year Treasury Security | 0.11% | 0.13% |
| 3-year Treasury Security | 0.91% | 0.82% |
| 5-year Treasury Security | 1.75% | 1.64% |
| 10-year Treasury Security | 2.73% | 2.72% |
| 12-month LIBOR | 0.557% (Mar) | |
| 12-month MTA | 0.124% (Mar) | |
| 11th District Cost of Funds | 0.709% (Feb) | |
| Prime Rate | 3.25% |
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