Weekly Interest Rate Overview

The Markets. Rates on home loans fell again this past week. Freddie Mac announced that, for the week ending January 28, 30-year fixed rates fell to 3.79% from 3.81% the week before. The average for 15-year loans decreased to 3.07%. The average for five-year adjustables also decreased to 2.90%. A year ago, 30-year fixed rates were at 3.66%, slightly lower than today’s levels. “The yield on the 10-year Treasury stabilized around 2 percent this week, and the 30-year fixed rate dipped 2 basis points to 3.79 percent. The recent market turmoil has given the Fed pause; as was universally expected, the Fed stood pat this week but kept its options open for a rate increase in March. This week’s housing releases confirmed the momentum of home sales going into 2016. A hesitant Fed, sub-4-percent fixed rates for at least for a little while longer, and strong housing fundamentals should generate a three percent increase in home sales this year.” 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.

	Daily Value	Monthly Value
	Jan 28	December
6-month Treasury Security	0.45%	0.50%
1-year Treasury Security	0.47%	0.65%
3-year Treasury Security	1.05%	1.28%
5-year Treasury Security	1.40%	1.70%
10-year Treasury Security	2.00%	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)