Weekly Interest Rate Overview

The Markets. Rates on home loans were fairly stable last week. Freddie Mac announced that for the week ending June 25, 30-year fixed rates rose to 4.02% from 4.00% the previous week. The average for 15-year loans decreased to 3.21%. Adjustables were down slightly, with the average for one-year adjustables falling to 2.50% and five-year adjustables falling slightly to 2.98%. A year ago, 30-year fixed rates were at 4.14%, close, but still higher than today’s levels. Attributed to Len Kiefer, deputy chief economist, Freddie Mac — “Rates on home loans were little changed this week. Economic releases confirmed increasing strength in housing. Existing home sales increased 5.1 percent in May to an annual pace of 5.35 million units and new home sales increased 2.2 percent to an annual pace of 546,000 units. Buyers appear anxious to purchase homes before the expected increase in interest rates later this year. Given the tight inventory of homes for sale, a 5.1-month supply at the current sales pace, home prices are being bid up.” 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
	June 25	May
6-month Treasury Security	0.07%	0.08%
1-year Treasury Security	0.29%	0.24%
3-year Treasury Security	1.06%	0.98%
5-year Treasury Security	1.70%	1.54%
10-year Treasury Security	2.40%	2.20%
12-month LIBOR		0.734% (May)
12-month MTA		0.168% (May)
11th District Cost of Funds		0.680% (Apr)
Prime Rate		3.25%