Weekly Interest Rate Overview

The Markets. Rates were stable in the last week, but the data was collected before the bond market reacted to the release of the minutes of the last Fed meeting. Freddie Mac announced that, for the week ending May 19, 30-year fixed rates rose one tick to 3.58% from 3.57% the week before. The average for 15-year loans was unchanged at 2.81%. The average for five-year adjustables increased slightly to 2.80%. A year ago, 30-year fixed rates were at 3.84%, approximately one-quarter of one percent higher than today’s levels. Attributed to Sean Becketti, chief economist, Freddie Mac — “The 10-year Treasury yield saw minimal movement over the past week, despite encouraging news from April’s consumer spending and CPI data. Accordingly, the 30-year fixed rate moved up just 1 basis point from its 2016 low, to 3.58 percent. Although there was minimal change in rates this week, the hawkish tone of Wednesday’s release of the Fed’s minutes had an immediate impact on Treasury yields, and could possibly shake up next week’s survey results.” 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
	May 19	April
6-month Treasury Security	0.43%	0.37%
1-year Treasury Security	0.64%	0.56%
3-year Treasury Security	1.06%	0.92%
5-year Treasury Security	1.38%	1.26%
10-year Treasury Security	1.85%	1.81%
12-month LIBOR		1.230% (Apr)
12-month MTA		0.438% (Apr)
11th District Cost of Funds		0.678% (Mar)
Prime Rate		3.50% (Dec)