The Markets. Rates on home loans eased down in the past week. Freddie Mac announced that for the week ending October 22, 30-year fixed rates fell to 3.79% from 3.82% the week before. The average for 15-year loans decreased as well to 2.98%. Adjustables were higher, with the average for one-year adjustables rising to 2.62% and five-year adjustables up one tick to 2.89%. A year ago, 30-year fixed rates were at 3.92%, close, but still higher than today’s levels. Attributed to Sean Becketti, chief economist, Freddie Mac — “Following Federal Reserve Governor Daniel Tarullo’s remarks last week Treasury yields dipped. In response, 30-year fixed rates fell 3 basis points this week to 3.79 percent. The housing market continues to benefit from low rates on home loans, with housing starts for September beating expectations and the NAHB’s Housing Market index registering a ten year high in October.” 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 October 23, 2015
Updated October 23, 2015
| Daily Value | Monthly Value | |
| Oct. 22 | September | |
| 6-month Treasury Security | 0.11% | 0.18% |
| 1-year Treasury Security | 0.23% | 0.37% |
| 3-year Treasury Security | 0.89% | 1.01% |
| 5-year Treasury Security | 1.36% | 1.49% |
| 10-year Treasury Security | 2.04% | 2.17% |
| 12-month LIBOR | 0.847% (Sept) | |
| 12-month MTA | 0.243% (Sept) | |
| 11th District Cost of Funds | 0.639% (Aug) | |
| Prime Rate | 3.25% |
Comments