For the week ending September 8, 30-year rates rose to 5.89% from 5.66% the week before.
Mortgage rates rose again in the past week as Fed members continued to deliver hawkish speeches to prepare the markets for further rate increases. For the week ending September 8, 30-year rates rose to 5.89% from 5.66% the week before. In addition, 15-year loans climbed to 5.16% and the average for five-year ARMs increased to 4.64%. A year ago, 30-year fixed rates averaged 2.88%, more than 3.00% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “Mortgage rates rose again as markets continue to manage the prospect of more aggressive monetary policy due to elevated inflation.”
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 9, 2022
|
Daily Value
|
Monthly Value
|
|
September 8
|
August
|
|
6-month Treasury Security
|
3.44%
|
3.15%
|
|
1-year Treasury Security
|
3.60%
|
3.28%
|
|
3-year Treasury Security
|
3.54%
|
3.23%
|
|
5-year Treasury Security
|
3.39%
|
3.03%
|
|
10-year Treasury Security
|
3.29%
|
2.90%
|
|
12-month LIBOR
|
|
4.223% (Aug)
|
|
12-month MTA
|
|
1.372% (Aug)
|
|
SOFR
|
|
1.048% (Aug)
|
|
Prime Rate
|
|
5.50% (7/22)
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