Rates Hold Steady

April 14, 2020
Stocks Hold Steady
Rates on home loans were stable in the last week, though volatility continued from day-to-day.


For the week ending April 9, Freddie Mac announced that 30-year fixed rates remained at 3.33%. The average for 15-year loans decreased to 2.77% and the average for five-year ARMs remained at 3.40%. A year ago, 30-year fixed rates averaged 4.12%, more than 0.75% higher than today. "While rates on home loans remained flat over the last week, there is room for rates to move down. This year the 10-year Treasury market has declined by over a full percentage point, yet home loan rates have only declined by one-third of a point. As financial markets continue to heal, we expect rates on home loans will drift lower in the second half of 2020," 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 April 10, 2020


Daily Value

Monthly Value


April 9


6-month Treasury Security



1-year Treasury Security



3-year Treasury Security



5-year Treasury Security



10-year Treasury Security



12-month LIBOR


1.002% (Mar)

12-month MTA


1.691% (Mar)

11th District Cost of Funds


0.989% (Feb)

Prime Rate


3.25% (March)