To No One’s Surprise, Rates Rise

December 17, 2019
Rates ticked up in the past week in the aftermath of the strong employment report.


For the week ending December 12, Freddie Mac announced that 30-year fixed rates rose to 3.73% from 3.68% the week before. The average for 15-year loans moved up to 3.19% and the average for five-year ARMs moved down to 3.36%. A year ago, 30-year fixed rates averaged 4.63%, almost 1.0% higher than today. "With Federal Reserve policy on cruise control and the economy continuing to grow at a steady pace, rates on home loans have stabilized as the market searches for direction. The risk of an economic downturn has receded and, combined with the very strong job market, it should lead to a slightly higher rate environment. Since early September, when rates on home loans posted the year low of 3.49 percent, rates have moved up to 3.73 percent this week. Often, while higher rates are deleterious, improved economic sentiment is the reason that these higher rates have not impacted housing demand so far," 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 December 13, 2019


Daily Value

Monthly Value


Dec 12


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


1.950% (Nov)

12-month MTA


2.146% (Nov)

11th District Cost of Funds


1.100% (Oct)

Prime Rate


4.75% (Oct)