The Markets. Fixed rates were stable in the past week, remaining near their lows for the year. Freddie Mac announced that for the week ending August 28, 30-year fixed rates remained at 4.10%. The average for 15-year loans ticked up slightly to 3.25%. Adjustables also rose a tad, with the average for one-year adjustables moving to 2.39% and five-year adjustables increasing marginally to 2.97%. A year ago 30-year fixed rates were at 4.51%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans were little changed following mixed housing news. Existing home sales rose for the fourth consecutive month to an annualized pace of 5.15 million, the highest of the year. On the other hand, new home sales fell for the third consecutive month to an annualized rate of 412,000 units. Also, the S&P/Case-Shiller national home price index confirmed the slowing in national house-price appreciation that has occurred in other metrics, with the seasonally-adjusted national index down 0.1 percent in June but on a year-over-year basis up a solid 6.2 percent.” 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 August 29, 2014
| Daily Value | Monthly Value | |
| August 28 | July | |
| 6-month Treasury Security | 0.05% | 0.06% |
| 1-year Treasury Security | 0.11% | 0.11% |
| 3-year Treasury Security | 0.95% | 0.97% |
| 5-year Treasury Security | 1.63% | 1.70% |
| 10-year Treasury Security | 2.34% | 2.54% |
| 12-month LIBOR | 0.556% (July) | |
| 12-month MTA | 0.118% (July) | |
| 11th District Cost of Funds | 0.668% (June) | |
| Prime Rate | 3.25% |
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