Rates Hold Firm

February 17, 2021
Rates Hold Level
Rates were steady for the second straight week.


For the week ending February 11, Freddie Mac announced that 30-year fixed rates remained at 2.73%, the same as the week before. The average for 15-year loans fell to 2.19% and the average for five-year ARMs rose slightly to 2.79%. A year ago, 30-year fixed rates averaged 3.47%, almost 0.75% higher than today. "It's a tale of two economies. The services economy remains in the doldrums, but the production side of the economy remains strong. New COVID-19 cases are receding, which is encouraging and that has led to a rise in Treasury rates. But the run-up in Treasury rates has not impacted mortgage rates yet, which have held firm. The residential real estate market remains solid given healthy purchase demand while implied real-time home price growth is high, due to the inventory shortage that is plaguing the housing market," 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 Rates
Updated February 12, 2021

Daily Value

Monthly Value

February 11


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR

0.311% (Jan)

12-month MTA

0.360% (Jan)

11th District Cost of Funds

0.460% (Dec)

Prime Rate

3.25% (3/20)