Rates moved up again last week, but are still lower than one year ago and earlier this year.
For the week ending April 18, Freddie Mac announced that 30-year fixed rates rose to 4.17% from 4.12% the previous week. The average for 15-year loans increased to 3.62% and the average for five-year moved down to 3.78%. A year ago, 30-year fixed rates averaged 4.47%, approximately one third of a percent higher than today. "After dropping dramatically in late March, rates on home loans have modestly increased since then. While this week marks the third consecutive week of rises, purchase activity reached a nine-year high – indicative of a strong 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 April 19, 2019
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Daily Value
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Monthly Value
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April 18
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March
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6-month Treasury Security
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2.47%
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2.51%
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1-year Treasury Security
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2.44%
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2.49%
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3-year Treasury Security
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2.36%
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2.37%
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5-year Treasury Security
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2.38%
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2.37%
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10-year Treasury Security
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2.57%
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2.57%
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12-month LIBOR
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2.730% (Mar)
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12-month MTA
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2.482% (Mar)
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11th District Cost of Funds
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1.166% (Feb)
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Prime Rate
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5.50% (Dec)
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