Weekly Interest Rate Overview

The Markets. Rates on home loans inched higher again in the past week. Freddie Mac announced that, for the week ending March 10, 30-year fixed rates rose slightly to 3.68% from 3.64% the week before. The average for 15-year loans was also slightly higher at 2.96%. The average for five-year adjustables increased to 2.92%. A year ago, 30-year fixed rates were at 3.86%, above today’s levels. Attributed to Sean Becketti, chief economist, Freddie Mac — “The 10-year Treasury yield ended the survey week exactly where it started, however the solid February employment report boosted the yield noticeably on Friday and Monday. Our mortgage rate survey captured the impact of this temporary increase in yield, and the 30-year fixed rate rose 4 basis points to 3.68 percent. This marks the second increase this year. Nonetheless, the 30-year fixed rate remains 33 basis points lower than its end-of-2015 level.”  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.

	Daily Value	Monthly Value
	March 10	February
6-month Treasury Security	0.50%	0.45%
1-year Treasury Security	0.69%	0.53%
3-year Treasury Security	1.11%	0.90
5-year Treasury Security	1.45%	1.22%
10-year Treasury Security	1.93%	1.78%
12-month LIBOR		1.179% (Feb)
12-month MTA		0.377% (Feb)
11th District Cost of Funds		0.664% (Jan)
Prime Rate		3.50% (Dec)