Rates rose again in the past week.
For the week ending October 24, Freddie Mac announced that 30-year fixed rates rose to 3.75% from 3.69% the week before. The average for 15-year loans increased to 3.18% and the average for five-year ARMs moved higher as well to 3.40%. A year ago, 30-year fixed rates averaged 4.86%, more than 1.00% higher than today. "The outlook for a favorable resolution to the trade dispute between the U.S. and China is still unclear, introducing some volatility into financial markets and the benchmark 10-year Treasury yield. Rates on home loans are following suit but are at near historic lows, while applications for loans to purchase a home remain higher year over year," 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 25, 2019
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Daily Value
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Monthly Value
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October 24
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September
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6-month Treasury Security
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1.65%
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1.89%
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1-year Treasury Security
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1.59%
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1.80%
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3-year Treasury Security
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1.58%
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1.59%
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5-year Treasury Security
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1.58%
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1.57%
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10-year Treasury Security
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1.77%
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1.70%
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12-month LIBOR
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2.032% (Sept)
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12-month MTA
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2.327% (Sept)
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11th District Cost of Funds
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1.155% (Aug)
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Prime Rate
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5.00% (Sept)
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