For the week ending April 11, 30-year rates rose to 5.11% from 5.00% the week before.
In addition, 15-year loans increased to 4.38% and the average for five-year ARMs also climbed to 3.75%. A year ago, 30-year fixed rates averaged 2.97%, over 2.00% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “This week, mortgage rates averaged five percent for the first time in over a decade. As Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the pursuit of homeownership the most expensive in a generation.”
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 April 22, 2022
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Daily Value
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Monthly Value
|
|
April 21
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March
|
|
6-month Treasury Security
|
1.32%
|
0.86%
|
|
1-year Treasury Security
|
2.01%
|
1.34%
|
|
3-year Treasury Security
|
2.87%
|
2.09%
|
|
5-year Treasury Security
|
2.96%
|
2.11%
|
|
10-year Treasury Security
|
2.90%
|
2.13%
|
|
12-month LIBOR
|
|
2.172% (March)
|
|
12-month MTA
|
|
0.324% (March)
|
|
SOFR Index
|
|
1.043% (March)
|
|
Prime Rate
|
|
3.50% (3/22)
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