For the week ending December 9, 30-year rates moved down one tick to 3.10% from 3.11% the week before.
In addition, 15-year loans fell one tick to 2.38% and the average for five-year ARMs decreased to 2.45%. A year ago, 30-year fixed rates averaged 2.71%, more than .33% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac - "Mortgage rates have moved sideways over the last several weeks, fluctuating within a narrow range. Going forward, the path that rates take will be directly impacted by more information about the Omicron variant as it is revealed and the overall trajectory of the pandemic. In the meantime, rates remain low and stable, even as the nation faces declining housing affordability and low inventory.” 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 December 10, 2021
|
Daily Value
|
Monthly Value
|
|
December 9
|
November
|
|
6-month Treasury Security
|
0.12%
|
0.07%
|
|
1-year Treasury Security
|
0.28%
|
0.18%
|
|
3-year Treasury Security
|
0.99%
|
0.82%
|
|
5-year Treasury Security
|
1.26%
|
1.20%
|
|
10-year Treasury Security
|
1.49%
|
1.56%
|
|
12-month LIBOR
|
0.12%
|
0.458% (Nov)
|
|
12-month MTA
|
|
0.088% (Nov)
|
|
11th District Cost of Funds
|
|
0.225% (Oct)
|
|
Prime Rate
|
|
3.25% (3/20)
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