The Markets. Rates on home loans were mixed this past week, with 30 year fixed rates below 4.0% once again. Freddie Mac announced that, for the week ending January 7, 30-year fixed rates fell to 3.97% from 4.01% the week before. The average for 15-year loans increased slightly to 3.26%. The average for five-year adjustables rose one tick to 3.09%. A year ago, 30-year fixed rates were at 3.73%, lower than today’s levels. “Concerns about overseas economic developments have dominated financial markets to start the year. U.S. Treasury bond yields fell amidst a global equity selloff and flight to safety. In response, the 30-year mortgage rate dipped 4 basis points to 3.97 percent.” Note: As of January 1, Freddie Mac is no longer providing survey data for 1-year adjustables. 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 Rate Mortgages
Updated January 8, 2016
Updated January 8, 2016
| Daily Value | Monthly Value | |
| Jan 7 | December | |
| 6-month Treasury Security | 0.46% | 0.50% |
| 1-year Treasury Security | 0.66% | 0.65% |
| 3-year Treasury Security | 1.22% | 1.28% |
| 5-year Treasury Security | 1.61% | 1.70% |
| 10-year Treasury Security | 2.16% | 2.24% |
| 12-month LIBOR | 0.981% (Dec) | |
| 12-month MTA | 0.322% (Dec) | |
| 11th District Cost of Funds | 0.644% (Nov) | |
| Prime Rate | 3.50% (Dec) |
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