The Markets. Fixed rates on home loans continued dropping in the past week and remained at lows not seen for almost two years. Freddie Mac announced that for the week ending January 15, 30-year fixed rates fell to 3.66% from 3.73% the week before. The average for 15-year loans decreased to 2.98%. Adjustables were lower as well, with the average for one-year adjustables decreasing to 2.37% and five-year adjustables easing to 2.90%. A year ago, 30-year fixed rates were at 4.41%, which is 0.75% higher than today’s levels. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans fell for the third consecutive week as oil prices plummeted and long term treasury yields continued to drop despite a strong employment report. The economy exceeded expectations by adding 252,000 jobs in December which followed an upward revision of 50,000 jobs to the prior two months. The unemployment rate fell to 5.6 percent which was the lowest since June 2008.” 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 January 16, 2015
Updated January 16, 2015
| Daily Value | Monthly Value | |
| January 15 | December | |
| 6-month Treasury Security | 0.08% | 0.11% |
| 1-year Treasury Security | 0.16% | 0.21% |
| 3-year Treasury Security | 0.75% | 1.06% |
| 5-year Treasury Security | 1.22% | 1.64% |
| 10-year Treasury Security | 1.77% | 2.21% |
| 12-month LIBOR | 0.602% (Dec) | |
| 12-month MTA | 0.121% (Dec) | |
| 11th District Cost of Funds | 0.686% (Nov) | |
| Prime Rate | 3.25% |
Adam Ashkenas Manhattan Real Estate 
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