The Markets. Fixed rates rose in the past week, though they started easing during the week after a big reaction to the employment report on March 6. Freddie Mac announced that for the week ending March 12, 30-year fixed rates increased to 3.86% from 3.75% the week before. The average for 15-year loans rose to 3.10%. Adjustables were also higher, with the average for one-year adjustables rising slightly to 2.46% and five-year adjustables increasing to 3.01%. A year ago, 30-year fixed rates were at 4.37%, which continues to be approximately 0.50% higher than today’s levels. Attributed to Len Kiefer, deputy chief economist, Freddie Mac — “The average 30-year fixed-rate loan rose to 3.86 percent for this week following a strong labor market report, essentially bringing rates back to where they were at the start of the year. The U.S. economy created 295,000 jobs in February while the unemployment rate dipped to 5.5 percent from 5.7 percent in January, both outperforming market expectations.” 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 March 13, 2015
Updated March 13, 2015
| Daily Value | Monthly Value | |
| March 12 | February | |
| 6-month Treasury Security | 0.10% | 0.07% |
| 1-year Treasury Security | 0.24% | 0.22% |
| 3-year Treasury Security | 1.06% | 0.99% |
| 5-year Treasury Security | 1.59% | 1.47% |
| 10-year Treasury Security | 2.10% | 1.98% |
| 12-month LIBOR | 0.660% (Feb) | |
| 12-month MTA | 0.136% (Feb) | |
| 11th District Cost of Funds | 0.698% (Jan) | |
| Prime Rate | 3.25% |
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