For the week ending April 20, 30-year rates rose to 6.39% from 6.27% the week before.
Rates edged upward in the past week. For the week ending April 20, 30-year rates rose to 6.39% from 6.27% the week before. In addition, 15-year loans increased to 5.76%. A year ago, 30-year fixed rates averaged 5.11%, more than 1.0% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “For the first time in over a month, mortgage rates moved up due to shifting market expectations. Home prices have stabilized somewhat, but with supply tight and rates stuck above six percent, affordable housing continues to be a serious issue for potential homebuyers. Unless rates drop into the mid five percent range, demand will only modestly recover.”
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 21, 2023
|
Daily Value
|
Monthly Value
|
|
April 20
|
March
|
|
6-month Treasury Security
|
5.06%
|
4.99%
|
|
1-year Treasury Security
|
4.77%
|
4.68%
|
|
3-year Treasury Security
|
3.87%
|
4.09%
|
|
5-year Treasury Security
|
3.63%
|
3.82%
|
|
10-year Treasury Security
|
3.54%
|
3.66%
|
|
12-month LIBOR
|
|
5.331%
|
|
12-month MTA
|
|
3.744%
|
|
SOFR (30-Day Average)
|
|
4.662%
|
|
Prime Rate
|
|
8.00% (3/23)
|