For the week ending January 26, 30-year rates eased to 6.13% from 6.15% the week before.
Rates continued to drift downward in the past week. For the week ending January 26, 30-year rates eased to 6.13% from 6.15% the week before. In addition, 15-year loans decreased to 5.17%. A year ago, 30-year fixed rates averaged 3.55%, more than 2.5% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the months-long freeze that gripped the housing market. Potential homebuyers remain sensitive to changes in mortgage rates, but ample demand remains, fueled by first-time homebuyers.”
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 27, 2023
|
Daily Value
|
Monthly Value
|
|
January 26
|
December
|
|
6-month Treasury Security
|
4.79%
|
4.71%
|
|
1-year Treasury Security
|
4.68%
|
4.68%
|
|
3-year Treasury Security
|
3.88%
|
4.05%
|
|
5-year Treasury Security
|
3.58%
|
3.76%
|
|
10-year Treasury Security
|
3.49%
|
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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