Weekly Interest Rate Overview

The Markets. Rates on home loans fell sharply this past week to their lowest levels in three months. Freddie Mac announced that, for the week ending January 21, 30-year fixed rates fell to 3.81% from 3.92% the week before. The average for 15-year loans decreased to 3.10%. The average for five-year adjustables also decreased to 2.91%. A year ago, 30-year fixed rates were at 3.63%, lower than today’s levels. “The Freddie Mac rate survey had difficulty keeping up with market events this week. The 30-year rate dropped 11 basis points to 3.81 percent, the lowest in three months. This drop reflected weak inflation — 0.7 percent CPI inflation for all of 2015 — and nonstop financial market turbulence that is driving investors to the safe haven of Treasuries. However, the survey was largely complete prior to Wednesday’s Treasury rally that drove the yield on the 10-year Treasury below 2 percent, down 29 basis points since the end of 2015.” 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 22, 2016

	Daily Value	Monthly Value
	Jan 20	December
6-month Treasury Security	0.35%	0.50%
1-year Treasury Security	0.43%	0.65%
3-year Treasury Security	1.06%	1.28%
5-year Treasury Security	1.44%	1.70%
10-year Treasury Security	2.01%	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)