The Markets. Rates on home loans were stable in the past week, as the markets awaited the employment data release at the end of the week. Freddie Mac announced that for the week ending April 2, 30-year fixed rates increased slightly to 3.70% from 3.69% the week before. The average for 15-year loans was also up one tick to 2.98%. Adjustables were also stable, with the average for one-year adjustables remaining at 2.46% and five-year adjustables down one tick to 2.92%. A year ago, 30-year fixed rates were at 4.41%, which continues to be more than 0.50% higher than today’s levels. Attributed to Len Kiefer, deputy chief economist, Freddie Mac — “The average 30-year fixed-rate loan was little changed this week entering April about where we started the year. The final estimate of real GDP growth for the fourth quarter of 2014 was unchanged from the prior estimate of a 2.2 percent annualized rate. Meanwhile, the National Association of Realtors reported that pending home sales rose 3.1 percent in February, beating expectations. The pending home sales index was at the highest level since June of 2013 when 30-year fixed rates averaged 4.07 percent, 0.37 percentage points higher than this week’s survey.” 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 April 3, 2015
Updated April 3, 2015
| Daily Value | Monthly Value | |
| April 2 | February | |
| 6-month Treasury Security | 0.10% | 0.07% |
| 1-year Treasury Security | 0.25% | 0.22% |
| 3-year Treasury Security | 0.87% | 0.99% |
| 5-year Treasury Security | 1.35% | 1.47% |
| 10-year Treasury Security | 1.92% | 1.98% |
| 12-month LIBOR | 0.660% (Feb) | |
| 12-month MTA | 0.136% (Feb) | |
| 11th District Cost of Funds | 0.700% (Feb) | |
| Prime Rate | 3.25% |
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