Rates Remain Steady

January 29, 2019
rates
Rates were stable again in the past week, which kept them at 9-month lows.

 

For the week ending January 24, Freddie Mac announced that 30-year fixed rates remained at 4.45%. The average for 15-year loans also stayed the same at 3.88% and the average for five-year adjustables rose to 3.90%. A year ago, 30-year fixed rates averaged 4.15%, less than one-third of one percent lower than today. "Rates on home loans have stabilized during the last month and are essentially at the same level as last spring – yet the most recent home sales are roughly half a million lower over the same period. Given that the economy remains on solid footing and weekly purchase application activity has been strong so far in 2019, we expect the decline in home sales to moderate or even reverse over the next couple of 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 January 25, 2019

 

Daily Value

Monthly Value

 

Jan 24

December

6-month Treasury Security

2.37%

2.54%

1-year Treasury Security

2.58%

2.66%

3-year Treasury Security

2.89%

2.67%

5-year Treasury Security

2.96%

2.68%

10-year Treasury Security

3.06%

2.83%

12-month LIBOR

 

3.002% (Dec)

12-month MTA

 

2.332% (Dec)

11th District Cost of Funds

 

1.060% (Nov)

Prime Rate

 

5.50% (Dec)