The Markets. Rates on home loans fell this past week. Freddie Mac announced that, for the week ending January 14, 30-year fixed rates fell to 3.92% from 3.97% the week before. The average for 15-year loans decreased to 3.19%. The average for five-year adjustables also decreased to 3.01%. A year ago, 30-year fixed rates were at 3.66%, lower than today’s levels. “Long-term Treasury yields continue to drop, dragging rates on home loans down with them. Turbulence in overseas financial markets is generating a flight-to-quality which benefits U.S. Treasury securities. In addition, sagging oil prices are capping inflation expectations. The net effect on the 30-year fixed rate was a 5 basis point drop to 3.92 percent.” Note: As of January 1, Freddie Mac is no longer providing survey data for 1-year adjustables. 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 15, 2016
Updated January 15, 2016
| Daily Value | Monthly Value | |
| Jan 14 | December | |
| 6-month Treasury Security | 0.43% | 0.50% |
| 1-year Treasury Security | 0.55% | 0.65% |
| 3-year Treasury Security | 1.14% | 1.28% |
| 5-year Treasury Security | 1.52% | 1.70% |
| 10-year Treasury Security | 2.10% | 2.24% |
| 12-month LIBOR | 0.981% (Dec) | |
| 12-month MTA | 0.322% (Dec) | |
| 11th District Cost of Funds | 0.644% (Nov) | |
| Prime Rate | 3.50% (Dec) |
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