Rates fell due to Mid-East tensions in the past week but started to rise late in the survey week as tensions eased.
For the week ending January 9, Freddie Mac announced that 30-year fixed rates moved down to 3.64% from 3.72% the week before. The average for 15-year loans decreased to 3.07% and the average for five-year ARMs moved down to 3.30%. A year ago, 30-year fixed rates averaged 4.45%, more than .75% higher than today. "Rates fell to the lowest level in thirteen weeks, as investors sought the quality and safety of the U.S. Treasury fixed income markets. The drop in interest rates, combined with the strong labor market, should propel a continued rise in homebuyer demand," 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 January 10, 2020
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Daily Value
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Monthly Value
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|
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Jan 9
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December
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6-month Treasury Security
|
1.56%
|
1.58%
|
|
1-year Treasury Security
|
1.54%
|
1.55%
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|
3-year Treasury Security
|
1.59%
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1.63%
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|
5-year Treasury Security
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1.65%
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1.68%
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10-year Treasury Security
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1.85%
|
1.86%
|
|
12-month LIBOR
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|
1.996% (Dec)
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|
12-month MTA
|
|
2.053% (Dec)
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11th District Cost of Funds
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|
1.035% (Nov)
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Prime Rate
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|
4.75% (Oct)
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