Rates rose in the past week.
For the week ending October 17, Freddie Mac announced that 30-year fixed rates rose to 3.69% from 3.57% the week before. The average for 15-year loans increased to 3.15% and the average for five-year ARMs remained at 3.35%. A year ago, 30-year fixed rates averaged 4.85%, more than 1.00% higher than today. "Despite this week’s uptick in rates, the housing market remains on the upswing with improvement in construction and home sales. While there has been a material weakness in manufacturing and consistent trade uncertainty, other economic trends like employment and homebuilder sentiment are encouraging," 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 October 18, 2019
|
|
Daily Value
|
Monthly Value
|
|
|
October 17
|
September
|
|
6-month Treasury Security
|
1.63%
|
1.89%
|
|
1-year Treasury Security
|
1.59%
|
1.80%
|
|
3-year Treasury Security
|
1.57%
|
1.59%
|
|
5-year Treasury Security
|
1.57%
|
1.57%
|
|
10-year Treasury Security
|
1.76%
|
1.70%
|
|
12-month LIBOR
|
|
2.032% (Sept)
|
|
12-month MTA
|
|
2.327% (Sept)
|
|
11th District Cost of Funds
|
|
1.155% (Aug)
|
|
Prime Rate
|
|
5.00% (Sept)
|