The Markets. Rates ticked up in the past week despite weak real estate news. Freddie Mac announced that for the week ending April 24, 30-year fixed rates increased to 4.33% from 4.27% the week before. The average for 15-year loans rose to 3.39%. Adjustables were unchanged with the average for one-year adjustables remaining at 2.44% and five-year adjustables at 3.03%. A year ago 30-year fixed rates were at 3.40%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans edged up following the uptick in the 10-year Treasury note late last week. Existing home sales were essentially flat with a 0.2 percent decline in March to a seasonally adjusted annual rate of 4.59 million. However, new home sales fell nearly 15 percent in March to an annual rate of 384,000, well below consensus.” 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 25, 2014
| Daily Value | Monthly Value | |
| April 24 | March | |
| 6-month Treasury Security | 0.04% | 0.08% |
| 1-year Treasury Security | 0.10% | 0.13% |
| 3-year Treasury Security | 0.91% | 0.82% |
| 5-year Treasury Security | 1.74% | 1.64% |
| 10-year Treasury Security | 2.70% | 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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