The Markets. Rates drifted down slightly across the board in the past week. Freddie Mac announced that for the week ending July 17, 30-year fixed rates decreased slightly to 4.13% from 4.15% the week before. The average for 15-year loans ticked down to 3.23%. Adjustables were also stable but lower in the past week with the average for one-year adjustables falling slightly to 2.39% and five-year adjustables decreasing marginally to 2.97%. A year ago 30-year fixed rates were at 4.37%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac –“Rates were little changed amid a week of light economic reports. Of the few releases, industrial production rose by 0.2 percent in June, below the market consensus forecast. Also, the producer price index for final demand rose 0.4 percent in June, rebounding from a 0.2 percent decline the prior month.” 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 18, 2014
| Daily Value | Monthly Value | |
| July 17 | June | |
| 6-month Treasury Security | 0.06% | 0.06% |
| 1-year Treasury Security | 0.10% | 0.10% |
| 3-year Treasury Security | 0.94% | 0.90% |
| 5-year Treasury Security | 1.65% | 1.68% |
| 10-year Treasury Security | 2.47% | 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% |
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