The Markets. Rates slipped a bit in the past week as the markets absorbed housing data and waited for the announcement of the Federal Reserve Board after their meeting. In general, there were no surprises in the announcement. Freddie Mac announced that for the week ending June 19, 30-year fixed rates decreased to 4.17% from 4.20% the week before. The average for 15-year loans fell slightly to 3.30%. Adjustables were mixed in the past week with the average for one-year adjustables rising slightly to 2.41% and five-year adjustables decreasing to 3.00%. A year ago 30-year fixed rates were at 3.93%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac –“Rates on home loans were down slightly for the week ending on June 19, 2014. Meanwhile, housing starts in May were 6.5 percent below the revised April rate. Following a similar pattern, building permits fell 6.4 percent in May after a 5.9 percent increase a month earlier. Also, CPI rose 0.4 percent in May, more than expected, following a 0.3 percent rise in April.” 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 June 20, 2014
| Daily Value | Monthly Value | |
| June 19 | May | |
| 6-month Treasury Security | 0.05% | 0.05% |
| 1-year Treasury Security | 0.09% | 0.10% |
| 3-year Treasury Security | 0.94% | 0.83% |
| 5-year Treasury Security | 1.71% | 1.59% |
| 10-year Treasury Security | 2.64% | 2.56% |
| 12-month LIBOR | 0.538% (May) | |
| 12-month MTA | 0.122% (May) | |
| 11th District Cost of Funds | 0.682% (Apr) | |
| Prime Rate | 3.25% |
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