The Fed Lowers Rates

March 31, 2020
Stocks Down
Last week the Fed stepped in and reversed the recent increase in home loan rates.


For the week ending March 26, Freddie Mac announced that 30-year fixed rates moved down to 3.50% from 3.65% the week before. The average for 15-year loans decreased to 2.92% and the average for five-year ARMs rose to 3.34%. A year ago, 30-year fixed rates averaged 4.06%, more than 0.50% higher than today. "The Federal Reserve’s swift and significant efforts to stabilize the market were much needed and helped rates on home loans drop for the first time in three weeks. Similar to other segments of the economy, real estate demand is softening. However, the combination of the Fed’s actions and pending economic stimulus will provide substantial support to the markets," 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 March 27, 2020


Daily Value

Monthly Value


March 16


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


1.382% (Feb)

12-month MTA


1.871% (Feb)

11th District Cost of Funds


0.984% (Jan)

Prime Rate


3.25% (March)