For the week ending December 2, 30-year rates moved up one tick to 3.11% from 3.10% the week before.
In addition, 15-year loans fell to 2.39% and the average for five-year ARMs rose to 2.49%. A year ago, 30-year fixed rates averaged 2.71%, more than .33% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac - "Mortgage rates continue to remain stable notwithstanding volatility in the financial markets. The consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty. This low mortgage rate environment offers favorable conditions for refinancing.”
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 December 3, 2021
|
Daily Value
|
Monthly Value
|
|
December 2
|
November
|
|
6-month Treasury Security
|
0.09%
|
0.07%
|
|
1-year Treasury Security
|
0.27%
|
0.18%
|
|
3-year Treasury Security
|
0.90%
|
0.82%
|
|
5-year Treasury Security
|
1.21%
|
1.20%
|
|
10-year Treasury Security
|
1.44%
|
1.56%
|
|
12-month LIBOR
|
|
0.458% (Nov)
|
|
12-month MTA
|
|
0.088% (Nov)
|
|
11th District Cost of Funds
|
|
0.225% (Oct)
|
|
Prime Rate
|
|
3.25% (3/20)
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