Weekly Interest Rate Overview

The Markets. Rates on home loans moved slightly higher this past week, with 30-year fixed rates over 4.0% for the first time in five months. Freddie Mac announced that, for the week ending December 31, 30-year fixed rates rose to 4.01% from 3.96% the week before. The average for 15-year loans increased slightly to 3.24%. Adjustables were mixed, with the average for one-year adjustables unchanged at 2.68% and five-year adjustables rising to 3.08%. A year ago, 30-year fixed rates were at 3.87%, a bit lower than today’s levels. Attributed to Sean Becketti, chief economist, Freddie Mac — “In the final week of 2015, Treasury yields jumped, reacting in part to strong consumer confidence in December. In response, the 30-year fixed rate rose to 4.01 percent, ending a 5-month span below 4 percent. After averaging 3.9 percent in the fourth quarter of 2015, we expect the 30-year fixed rate to average 4.7 percent for the fourth quarter of 2016.”  Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes.

	Daily Value	Monthly Value
	Dec 30	November
6-month Treasury Security	0.47%	0.33%
1-year Treasury Security	0.64%	0.48%
3-year Treasury Security	1.36%	1.20%
5-year Treasury Security	1.80%	1.67%
10-year Treasury Security	2.31%	2.26%
12-month LIBOR		0.868% (Nov)
12-month MTA		0.285% (Nov)
11th District Cost of Funds		0.649% (Oct)
Prime Rate		3.50% (Dec)