Lower Rates Should Support Home Sales Through Winter Months

December 18, 2018
Man writing Low Mortgage Rates on board
Rates fell sharply again last week, reaching their lowest levels since late summer.


For the week ending December 13, Freddie Mac announced that 30-year fixed rates fell to 4.63% from 4.75% the week before. The average for 15-year loans decreased to 4.07% and the average for five-year adjustables also declined to 4.04%. A year ago, 30-year fixed rates averaged 3.93%. "Rates on home loans have either fallen or remained flat for five consecutive weeks and purchase applicants are responding with an uptick in demand given these lower rates. While the housing market softened in response to higher rates through most of this year, the combination of a low unemployment and recent downdraft in rates should support home sales heading into the early winter months,"said Sam Khater, Chief Economist, Freddie Mac. 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 December 14, 2018 


Daily Value

Monthly Value


Dec 13


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


3.120% (Nov)

12-month MTA


2.252% (Nov)

11th District Cost of Funds


1.079% (Oct)

Prime Rate


5.25% (Sept)