Rates Back on the Rise

December 3, 2019
Rates moved up slightly in the past week.


For the week ending November 27, Freddie Mac announced that 30-year fixed rates rose to 3.68% from 3.66% the week before. The average for 15-year loans remained at 3.15% and the average for five-year ARMs moved up to 3.43%. A year ago, 30-year fixed rates averaged 4.81%, more than 1.0% higher than today. "Following a decline in the first nine months of 2019, rates on home loans have traded narrower during the last two months with a modest drift upward due to an improved economic outlook. While there has been a lag in the housing market’s response to lower rates, real estate volumes have clearly shifted into a higher gear. Moreover, the recent improvement in the cyclical segments of the economy and easing financial conditions will provide a gentle tailwind to the real estate market rebound over the next few 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 November 29, 2019


Daily Value

Monthly Value


Nov 27


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)