Fixed rates moved slightly higher in the last week, remaining close to record lows.
For the week ending April 23, Freddie Mac announced that 30-year fixed rates moved up slightly to 3.33% from 3.31% the week before. The average for 15-year loans increased to 2.86% and the average for five-year ARMs fell to 3.28%. A year ago, 30-year fixed rates averaged 4.20%, more than 0.75% higher than today. "Rates have stabilized over the last few weeks as the market searches for direction in the fog of economic data. While financial markets initially rallied on the news of Federal Reserve support and are improving due to the Senate’s passage of a new small business stimulus, we continue to see a deep economic contraction amidst uncertainty about the recovery formation," 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 24, 2020
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Daily Value
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Monthly Value
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April 23
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March
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6-month Treasury Security
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0.14%
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0.30%
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1-year Treasury Security
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0.17%
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0.33%
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3-year Treasury Security
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0.26%
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0.50%
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5-year Treasury Security
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0.37%
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0.59%
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10-year Treasury Security
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0.61%
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0.87%
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12-month LIBOR
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1.002% (Mar)
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12-month MTA
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1.691% (Mar)
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11th District Cost of Funds
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0.989% (Feb)
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Prime Rate
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3.25% (March)
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