The Markets. Fixed rates rose in the past week ending several weeks of stability. Freddie Mac announced that for the week ending September 18, 30-year fixed rates rose to 4.23% from 4.12% the week before. The average for 15-year loans also increased to 3.37%. Adjustables were mixed, with the average for one-year adjustables moving down slightly to 2.43% and five-year adjustables increasing to 3.06%. A year ago 30-year fixed rates were at 4.50%. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans rose this week following the increase in 10-year Treasury yields being partially fueled by market speculation the Federal Reserve might change its interest rate guidance. Meanwhile, the Labor Department reported that its Consumer Price Index (CPI) declined 0.2 percent in August reflecting declines in energy prices. Excluding food and energy, the CPI was unchanged.” 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 September 19, 2014
| Daily Value | Monthly Value | |
| Sept 18 | August | |
| 6-month Treasury Security | 0.04% | 0.05% |
| 1-year Treasury Security | 0.12% | 0.11% |
| 3-year Treasury Security | 1.10% | 0.93% |
| 5-year Treasury Security | 1.85% | 1.63% |
| 10-year Treasury Security | 2.63% | 2.42% |
| 12-month LIBOR | 0.559% (Aug) | |
| 12-month MTA | 0.115% (Aug) | |
| 11th District Cost of Funds | 0.668% (July) | |
| Prime Rate | 3.25% |
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