Consistently Low Rates Heading into Spring Good News for Homebuyers

February 11, 2019
House shape set on lawn in spring
Rates fell to their lowest level in 10 months in the past week.


For the week ending February 7, Freddie Mac announced that 30-year fixed rates moved down to 4.41% from 4.46% the week before. The average for 15-year loans also fell to 3.84% and the average for five-year adjustables decreased to 3.91%. A year ago, 30-year fixed rates averaged 4.32%, very close to rates today. "The U.S. economy remains on solid ground, inflation is contained and the threat of higher short-term rates is fading from view, which has allowed rates on home loans to drift down to their lowest level in 10 months. This is great news for consumers who will be looking for homes during the upcoming spring homebuying season. Rates are essentially similar to a year ago, but today’s buyers have a larger selection of homes and more consumer bargaining power than they did the last few years," 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 8, 2019


Daily Value

Monthly Value


February 7


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


3.017% (Jan)

12-month MTA


2.397% (Jan)

11th District Cost of Funds


1.056% (Dec)

Prime Rate


5.50% (Dec)