For the week ending November 24, 30-year rates remained at 3.10% from the week before.
Mortgage rates were steady in the past week, but moved up as the survey data was released. In addition, 15-year loans rose to 2.42% and the average for five-year ARMs eased to 2.47%. A year ago, 30-year fixed rates averaged 2.72%, more than .25% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac - "Despite the noise around the economy, inflation, and monetary policy, mortgage rate volatility has been low. For most of 2021, mortgage rates have stayed within half a percentage point, which is a smaller range than in past years.” 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 Rates
Updated November 26, 2021
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Daily Value
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Monthly Value
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Nov 24
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October
|
|
6-month Treasury Security
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0.10%
|
0.06%
|
|
1-year Treasury Security
|
0.24%
|
0.11%
|
|
3-year Treasury Security
|
0.97%
|
0.67%
|
|
5-year Treasury Security
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1.34%
|
1.11%
|
|
10-year Treasury Security
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1.64%
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1.58%
|
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12-month LIBOR
|
|
0.361% (Oct)
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12-month MTA
|
|
0.083% (Oct)
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11th District Cost of Funds
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|
0.225% (Sept)
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Prime Rate
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3.25% (3/20)
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