For the week ending March 3, 30-year rates fell to 3.76% from 3.89% the week before.
For the week ending March 3, 30-year rates fell to 3.76% from 3.89% the week before. In addition, 15-year loans decreased to 3.01% and the average for five-year ARMs also decreased to 2.91%. A year ago, 30-year fixed rates averaged 3.02%, 0.74% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “Geopolitical tensions caused U.S. Treasury yields to recede this week as investors moved to the safety of bonds, leading to a drop in mortgage rates. While inflationary pressures remain, the cascading impacts of the war in Ukraine have created market uncertainty. Consequently, rates are expected to stay low in the short-term but will likely increase in the coming months.”
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 March 4, 2022
|
Daily Value
|
Monthly Value
|
|
March 3
|
February
|
|
6-month Treasury Security
|
0.69%
|
0.64%
|
|
1-year Treasury Security
|
1.08%
|
1.00%
|
|
3-year Treasury Security
|
1.69%
|
1.65%
|
|
5-year Treasury Security
|
1.74%
|
1.81%
|
|
10-year Treasury Security
|
1.86%
|
1.93%
|
|
12-month LIBOR
|
|
1.288% (Feb)
|
|
12-month MTA
|
|
0.219% (Feb)
|
|
SOFR Index
|
|
1.042% (Feb)
|
|
Prime Rate
|
|
3.25% (3/20)
|