The Markets. Fixed rates on home loans ticked up a bit in the past week. Freddie Mac announced that for the week ending January 29, 30-year fixed rates increased to 3.66% from 3.63% the week before. The average for 15-year loans rose to 2.98%. Adjustables were also higher, with the average for one-year adjustables up slightly to 2.38% and five-year adjustables rising to 2.86%. A year ago, 30-year fixed rates were at 4.32%, which continues to be more than 0.50% higher than today’s levels. Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac — “Rates on home loans ticked up this week for the first time in 2015 following positive home sales reports. New home sales surged 11.6 percent in December beating market expectations. Likewise, existing home sales rose 2.4 percent to an annual rate of 5.04 million homes in December.” 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 30, 2015
Updated January 30, 2015
| Daily Value | Monthly Value | |
| January 29 | December | |
| 6-month Treasury Security | 0.07% | 0.11% |
| 1-year Treasury Security | 0.17% | 0.21% |
| 3-year Treasury Security | 0.84% | 1.06% |
| 5-year Treasury Security | 1.28% | 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% |
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