Rates Inch Back Up

November 19, 2019
Rates bounced back after falling the previous week.


For the week ending November 14, 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 3.20% and the average for five-year ARMs moved up as well to 3.44%. A year ago, 30-year fixed rates averaged 4.94%, more than 1.0% higher than today. "The modest uptick in rates over the last two months reflects declining recession fears and a more sanguine outlook for the global economy. Due to the improved economic outlook, purchase applications rose fifteen percent over the same week a year ago, the second highest weekly increase in the last two years. Given the important role residential real estate plays in the economy, the steady improvement of the housing market is a reassuring sign that the economy is on solid ground heading into next 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 November 15, 2019


Daily Value

Monthly Value


Nov 14


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


1.955% (Oct)

12-month MTA


2.240% (Oct)

11th District Cost of Funds


1.127% (Sept)

Prime Rate


4.75% (Oct)