For the week ending January 19, 30-year rates fell to 6.15% from 6.33% the week before.
Rates continued to move lower this past week, influenced by moderating inflation and weaker economic reports. For the week ending January 19, 30-year rates fell to 6.15% from 6.33% the week before. In addition, 15-year loans decreased to 5.28%. A year ago, 30-year fixed rates averaged 3.59%, more than 2.5% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “As inflation continues to moderate, mortgage rates declined again this week. Rates are at their lowest level since September of last year, boosting both homebuyer demand and homebuilder sentiment. Declining rates are providing a much-needed boost to the housing market, but the supply of homes remains a persistent concern.”
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 20, 2023
|
Daily Value
|
Monthly Value
|
|
January 19
|
December
|
|
6-month Treasury Security
|
4.79%
|
4.71%
|
|
1-year Treasury Security
|
4.65%
|
4.68%
|
|
3-year Treasury Security
|
3.76%
|
4.05%
|
|
5-year Treasury Security
|
3.48%
|
3.76%
|
|
10-year Treasury Security
|
3.39%
|
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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