The Markets. Rates were stable in the past week, though the survey was released before the full effects of the employment report were realized. Freddie Mac announced that for the week ending July 3, 30-year fixed rates decreased slightly to 4.12% from 4.14% the week before. The average for 15-year loans remained at 3.22%. Adjustables were also stable in the past week with the average for one-year adjustables falling slightly to 2.38% and five-year adjustables remaining at 2.98%. A year ago 30-year fixed rates were at 4.29%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac –“Rates on home loans were little changed from the previous week and remain below levels seen the same time last year, which should provide some help with homebuyer affordability in many markets. Recent housing data was better with pending home sales up 6.1 percent in May and overall construction spending showing a slight improvement with private residential spending now up 7.5 percent on yearly basis.” 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 3, 2014
| Daily Value | Monthly Value | |
| July 2 | May | |
| 6-month Treasury Security | 0.06% | 0.05% |
| 1-year Treasury Security | 0.12% | 0.10% |
| 3-year Treasury Security | 0.95% | 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 | 0.667% (May) | |
| Prime Rate | 3.25% |
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