The Markets. Rates rebounded in the past week but stayed near their lows for the year. Freddie Mac announced that for the week ending October 30, 30-year fixed rates rose to 3.98% from 3.92% the week before. The average for 15-year loans increased to 3.13%. Adjustables were also higher, with the average for one-year adjustables moving to 2.43% and five-year adjustables increasing to 2.94%. A year ago, 30-year fixed rates were at 4.10%, higher than today’s levels. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans rose across the board this week, rebounding from the lowest rates of the year. New home sales grew at an annual rate of 467,000 sales in September, the fastest rate observed during the recovery. Meanwhile, the National S&P Case-Shiller House Price Index grew at a seasonally adjusted annual rate of 0.4 percent in August.” 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 October 31, 2014
| Daily Value | Monthly Value | |
| October 30 | September | |
| 6-month Treasury Security | 0.06% | 0.04% |
| 1-year Treasury Security | 0.11% | 0.11% |
| 3-year Treasury Security | 0.91% | 1.05% |
| 5-year Treasury Security | 1.58% | 1.77% |
| 10-year Treasury Security | 2.32% | 2.53% |
| 12-month LIBOR | 0.578% (Sept) | |
| 12-month MTA | 0.115% (Sept) | |
| 11th District Cost of Funds | 0.667% (Aug) | |
| Prime Rate | 3.25% |
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