For the week ending December 15, 30-year rates fell to 6.31% from 6.33% the week before.
Rates fell slightly in the past week, with a mixed reaction to the Fed announcement. For the week ending December 15, 30-year rates fell to 6.31% from 6.33% the week before. In addition, 15-year loans decreased to 5.54%. A year ago, 30-year fixed rates averaged 3.12%, more than 3.00% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “Mortgage rates continued their downward trajectory this week, as softer inflation data and a modest shift in the Federal Reserve’s monetary policy reverberated through the economy. The good news for the housing market is that recent declines in rates have led to a stabilization in purchase demand. The bad news is that demand remains very weak in the face of affordability hurdles that are still quite high.”
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 16, 2022
|
Daily Value
|
Monthly Value
|
|
December 15
|
November
|
|
6-month Treasury Security
|
4.70%
|
4.61%
|
|
1-year Treasury Security
|
4.65%
|
4.73%
|
|
3-year Treasury Security
|
3.96%
|
4.34%
|
|
5-year Treasury Security
|
3.62%
|
4.06%
|
|
10-year Treasury Security
|
3.44%
|
3.89%
|
|
12-month LIBOR
|
|
5.572% (Nov)
|
|
12-month MTA
|
|
2.428% (Nov)
|
|
SOFR
|
|
1.056% (Nov)
|
|
Prime Rate
|
|
7.50% (11/22)
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