For the week ending February 9, 30-year rates rose to 6.12% from 6.09% the week before.
Rates calmed down a bit after they rose following the surprise jobs report of the previous week. For the week ending February 9, 30-year rates rose to 6.12% from 6.09% the week before. In addition, 15-year loans increased to 5.25%. A year ago, 30-year fixed rates averaged 3.69%, more than 2.0% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week. The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their way back to the market just in time for the spring homebuying season.”
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. Also showing the 30-day average of SOFR beginning January of 2023.
Current Indices for Adjustable Rates
Updated February 10, 2023
|
Daily Value
|
Monthly Value
|
|
February 9
|
January
|
|
6-month Treasury Security
|
4.90%
|
4.80%
|
|
1-year Treasury Security
|
4.88%
|
4.69%
|
|
3-year Treasury Security
|
4.15%
|
3.91%
|
|
5-year Treasury Security
|
3.87%
|
3.64%
|
|
10-year Treasury Security
|
3.67%
|
3.53%
|
|
12-month LIBOR
|
|
5.315%
|
|
12-month MTA
|
|
3.138%
|
|
SOFR
|
|
4.310%
|
|
Prime Rate
|
|
7.75% (2/23)
|