Rates Hold Steady

September 9, 2020
Rates Hold Steady
Rates were relatively stable in the past week.


For the week ending September 3, Freddie Mac announced that 30-year fixed rates rose two ticks to 2.93% from 2.91% the week before. The average for 15-year loans decreased to 2.42% and the average for five-year ARMs increased to 2.93%. A year ago, 30-year fixed rates averaged 3.49%, over .50% higher than today. "Rates on home loans have remained effectively flat or at near record lows for the last month. However, there are some interesting compositional shifts as the 10-year Treasury rate has increased modestly over the past month while mortgage spreads have declined. Spreads may decline even further but the rise in Treasury rates will make it difficult for rates on home loans to fall much more over the next few weeks," 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 September 4, 2020


Daily Value

Monthly Value


Sept 3


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


0.447% (July)

12-month MTA


1.020% (July)

11th District Cost of Funds


0.682% (June)

Prime Rate


3.25% (March)