Rates were stable in the past week, holding most of the decrease from the week prior.

For the week ending October 25, Freddie Mac announced that 30-year fixed rates increased one tick to 4.86% from 4.85% the week before. The average for 15-year loans rose to 4.29% and the average for five-year adjustables increased to 4.14%. A year ago, 30-year fixed rates averaged 3.94%, close to one percent lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac -- "Despite volatility in the stock market, the 30-year fixed loan rate inched forward just 1 basis point to 4.86 percent this week. We expect rates to continue to rise, which will put downward pressure on homebuying activity. While higher borrowing costs will keep some people out of the market, buyers with more flexibility could take advantage of the decreased competition."Note: 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 26, 2018