Low Rates Should Give a Boost to the Spring Homebuying Season

February 5, 2019
Family moving into new house in spring
Rates were stable again in the past week, which kept them near 9-month lows


For the week ending January 31, Freddie Mac announced that 30-year fixed rates moved up one tick to 4.46%. The average for 15-year loans also was up one tick to 3.89% and the average for five-year adjustables fell to 3.86%. A year ago, 30-year fixed rates averaged 4.22%, less than one-quarter of one percent lower than today. "Purchase applications were down this week after soaring early in the year. However, softening house price appreciation along with increasing inventory of homes on the market – and historically low interest rates – should give a boost to the spring homebuying season,” 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 February 1, 2019 


Daily Value

Monthly Value


January 31


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



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)