Weekly Interest Rate Overview

The Markets. Rates on home loans continued to fall this past week; however, this data was released before the jobs report on Friday. Freddie Mac announced that, for the week ending February 4, 30-year fixed rates fell to 3.72% from 3.79% the week before. The average for 15-year loans decreased to 3.01%. The average for five-year adjustables also decreased to 2.85%. A year ago, 30-year fixed rates were at 3.59%, slightly lower than today’s levels. “Market volatility — and the associated flight to quality — continued unabated this week. The yield on the 10-year Treasury dropped another 15 basis points, and the 30-year rate fell 7 basis points as well, to 3.72 percent. Both the Treasury yield and rates on home loans now are in the neighborhood of early-2015 lows. These declines are not what the market anticipated when the Fed raised the Federal funds rate in December. For now, though, sub-4-percent rates are providing a longer-than-expected opportunity for homeowners to refinance.” 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
	Feb 4	January
6-month Treasury Security	0.43%	0.43%
1-year Treasury Security	0.52%	0.54%
3-year Treasury Security	0.90%	1.14%
5-year Treasury Security	1.25%	1.52%
10-year Treasury Security	1.87%	2.09%
12-month LIBOR		1.153% (Jan)
12-month MTA		0.350% (Jan)
11th District Cost of Funds		0.655% (Dec)
Prime Rate		3.50% (Dec)