The Markets. Rates were stable at recent lows in the past week. Freddie Mac announced that for the week ending July 24, 30-year fixed rates were unchanged at 4.13%. The average for 15-year loans ticked up to 3.26%. Adjustables were also stable in the past week with the average for one-year adjustables unchanged at 2.39% and five-year adjustables increasing marginally to 2.99%. A year ago 30-year fixed rates were at 4.31%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac –“Rates were little changed for the week with 30-year fixed-rate loans remaining unchanged. Meanwhile, we received some good news on housing with existing home sales climbing 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June, the highest pace since October 2013.” 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 July 25, 2014
Daily Value | Monthly Value | |
July 24 | June | |
6-month Treasury Security | 0.06% | 0.06% |
1-year Treasury Security | 0.11% | 0.10% |
3-year Treasury Security | 1.00% | 0.90% |
5-year Treasury Security | 1.72% | 1.68% |
10-year Treasury Security | 2.52% | 2.60% |
12-month LIBOR | 0.542% (June) | |
12-month MTA | 0.118% (June) | |
11th District Cost of Funds | 0.667% (May) | |
Prime Rate | 3.25% |