Rates Fell Back a Bit in the Past Week

November 6, 2018
Rates fell back a bit in the past week, but the numbers were released before rates rebounded on Friday.


For the week ending November 1, Freddie Mac announced that 30-year fixed rates decreased to 4.83% from 4.86 the week before. The average for 15-year loans fell to 4.23% and the average for five-year adjustables decreased to 4.04%. A year ago, 30-year fixed rates averaged 3.94%, close to one percent lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac -- "While higher interest rates have led to a decline in home sales this year, the weakness has been concentrated in expensive segments versus entry-level and first-time buyer, which remains firm throughout most of the rest of the country. Despite higher rates, monthly payments remain affordable. For many buyers the chronic lack of entry-level supply is a larger hurdle than higher rates because choices are limited, and the inventory shortage has caused home prices to rise well above fundamentals."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.

 Current Indices for Adjustable Rate Mortgages 
Updated November 2, 2018 


Daily Value

Monthly Value


Nov 1


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


2.919% (Sept)

12-month MTA


2.053% (Sept)

11th District Cost of Funds


1.015% (Aug)

Prime Rate


5.25% (Sept)