For the week ending January 12, 30-year rates fell to 6.33% from 6.48% the week before.
Rates moved lower in the past week, with an additional decline after the survey was released in reaction to the most recent inflation report. For the week ending January 12, 30-year rates fell to 6.33% from 6.48% the week before. In addition, 15-year loans decreased to 5.52%. A year ago, 30-year fixed rates averaged 3.45%, more than 2.5% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates. Over the last few weeks latent demand has been on display with buyers jumping in and out of the market as rates move.”
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 January 13, 2023
|
Daily Value
|
Monthly Value
|
|
January 12
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December
|
|
6-month Treasury Security
|
4.76%
|
4.71%
|
|
1-year Treasury Security
|
4.66%
|
4.68%
|
|
3-year Treasury Security
|
3.79%
|
4.05%
|
|
5-year Treasury Security
|
3.53%
|
3.76%
|
|
10-year Treasury Security
|
3.43%
|
3.62%
|
|
12-month LIBOR
|
|
5.447% (Dec)
|
|
12-month MTA
|
|
2.793% (Dec)
|
|
SOFR
|
|
1.060% (Dec)
|
|
Prime Rate
|
|
7.50% (12/22)
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