The Markets. Fixed rates on home loans were down again in the past week. Freddie Mac announced that for the week ending January 22, 30-year fixed rates decreased to 3.63% from 3.66% the week before. The average for 15-year loans fell to 2.93%. Adjustables were mixed, with the average for one-year adjustables remaining at 2.37% and five-year adjustables falling to 2.83%. A year ago, 30-year fixed rates were at 4.39%, which continues to be 0.75% higher than today’s levels. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans continued to fall, albeit at a slower pace, with the 30-year fixed rate loan averaging 3.63 percent this week. Housing starts picked up in December coming in at a seasonally adjusted 1.089 million unit pace and beating market expectations. Meanwhile, the drop in energy prices pushed the Producer Price Index down 0.3 percent for December and the Consumer Price Index fell 0.4 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 January 23, 2015
Updated January 23, 2015
| Daily Value | Monthly Value | |
| January 22 | December | |
| 6-month Treasury Security | 0.08% | 0.11% |
| 1-year Treasury Security | 0.17% | 0.21% |
| 3-year Treasury Security | 0.90% | 1.06% |
| 5-year Treasury Security | 1.39% | 1.64% |
| 10-year Treasury Security | 1.90% | 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% |
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