The Markets. Fixed rates on home loans fell in the past week. Freddie Mac announced that for the week ending December 4, 30-year fixed rates fell to 3.89% from 3.97% the week before. The average for 15-year loans decreased to 3.10%. Adjustables were also lower, with the average for one-year adjustables decreasing to 2.41% and five-year adjustables falling to 2.94%. A year ago, 30-year fixed rates were at 4.46%, which is over 0.5% higher than today’s levels. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Fixed rates on home loans were down across the board in a week of underwhelming economic releases. New home sales missed consensus expectations by selling at an annual pace of 458,000 units in October and the National Association of Realtors reported that pending home sales dipped in October by 1.1 percent. The ADP’s estimate for payroll growth in November was 208,000 jobs, below expectations of 225,000.” 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 December 5, 2014
| Daily Value | Monthly Value | |
| Dec 4 | November | |
| 6-month Treasury Security | 0.08% | 0.07% |
| 1-year Treasury Security | 0.14% | 0.13% |
| 3-year Treasury Security | 0.97% | 0.96% |
| 5-year Treasury Security | 1.59% | 1.62% |
| 10-year Treasury Security | 2.25% | 2.33% |
| 12-month LIBOR | 0.562% (Nov) | |
| 12-month MTA | 0.114% (Nov) | |
| 11th District Cost of Funds | 0.671% (Oct) | |
| Prime Rate | 3.25% |
Adam Ashkenas Manhattan Real Estate 
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