Rates Hold Steady

April 8, 2019
Last week saw the second highest purchase application demand in the last year, overall demand at highest level since 2016.


For the week ending April 4, Freddie Mac announced that 30-year fixed rates rose slightly to 4.08% from 4.06% the previous week. The average for 15-year loans decreased slightly to 3.56% and the average for five-year adjustables fell to 3.66%. A year ago, 30-year fixed rates averaged 4.40%, approximately one third of a percent higher than today. “Purchase application demand saw the second highest weekly increase over the last year and thanks to a spike in refinancing activity, overall demand rose to the highest level since the fall of 2016. While the housing market has faced many head winds the last few months, it sailed through the turbulence to calmer seas with demand buttressed by a strong labor market and low interest rates. The benefits of the decline in rates that we’ve seen this year will continue to unfold over the next few months due to the lag from changes in rates to market sentiment and ultimately home sales,” said Sam Khater, Chief Economist, Freddie Mac.

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 April 5, 2019


Daily Value

Monthly Value


April 4


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


2.730% (Mar)

12-month MTA


2.482% (Mar)

11th District Cost of Funds


1.166% (Feb)

Prime Rate


5.50% (Dec)