Rates moved up again last week but started moving lower towards the end of the survey period.
For the week ending April 25, Freddie Mac announced that 30-year fixed rates rose to 4.20% from 4.17% the previous week. The average for 15-year loans increased to 3.64% and the average for five-year loans moved down to 3.77%. A year ago, 30-year fixed rates averaged 4.58%, more than one-third of a percent higher than today. "Despite the recent rise in rates, both existing and new home sales continue to show strength – indicating the lagged effect of lower rates on housing demand. This, along with improved affordability, should push housing activity higher in the coming 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 April 26, 2019
|
Daily Value
|
Monthly Value
|
|
April 25
|
March
|
6-month Treasury Security
|
2.46%
|
2.51%
|
1-year Treasury Security
|
2.42%
|
2.49%
|
3-year Treasury Security
|
2.33%
|
2.37%
|
5-year Treasury Security
|
2.42%
|
2.37%
|
10-year Treasury Security
|
2.54%
|
2.57%
|
12-month LIBOR
|
|
2.730% (Mar)
|
12-month MTA
|
|
2.482% (Mar)
|
11th District Cost of Funds
|
|
1.166% (Feb)
|
Prime Rate
|
|
5.50% (Dec)
|