Rates See Very Slight Changes

September 21, 2021
For the week ending September 16, 30-year rates ticked down slightly to 2.86% from 2.88%.


In addition, 15-year loans fell to 2.12% and the average for five-year ARMs increased to 2.51%. A year ago, 30-year fixed rates averaged 2.87%, virtually the same as today. Attributed to Sam Khater, Chief Economist, Freddie Mac - "It's Groundhog Day for mortgage rates, as they have remained virtually flat for over two months. The holding pattern in rates reflects the markets' view that the prospects for the economy have dimmed somewhat due to the rebound in new COVID cases. While our collective attention is on the pandemic, fundamental changes in the economy are occurring, such as increased migration, the extended continuation of remote work, increased use of automation, and the focus on a more energy efficient and resilient economy. These factors will likely lead to significant investment and new post-pandemic economic models that will spur economic growth.”  

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 September 17, 2021

Daily Value

Monthly Value

Sept 16


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR

0.228% (Aug)

12-month MTA

0.088% (Aug)

11th District Cost of Funds

0.263% (July)

Prime Rate

3.25% (3/20)