For the week ending April 27, 30-year rates rose to 6.43% from 6.39% the week before.
Rates moved up slightly again this past week with the next Fed meeting approaching. For the week ending April 27, 30-year rates rose to 6.43% from 6.39% the week before. In addition, 15-year loans decreased to 5.71%. Ad year ago, 30-year fixed rates averaged 5.10%, more than 1.0% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “The 30-year fixed-rate mortgage increased modestly for the second straight week, but with the rate of inflation decelerating rates should gently decline over the course of 2023. Incoming data suggest the housing market has stabilized from a sales and house price perspective. The prospect of lower mortgage rates for the remainder of the year should be welcome news to borrowers who are looking to purchase a home.”
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 28, 2023
|
Daily Value
|
Monthly Value
|
|
April 27
|
March
|
|
6-month Treasury Security
|
5.05%
|
4.99%
|
|
1-year Treasury Security
|
4.78%
|
4.68%
|
|
3-year Treasury Security
|
3.82%
|
4.09%
|
|
5-year Treasury Security
|
3.60%
|
3.82%
|
|
10-year Treasury Security
|
3.53%
|
3.66%
|
|
12-month LIBOR
|
|
5.331%
|
|
12-month MTA
|
|
3.744%
|
|
SOFR (30-Day Average)
|
|
4.662%
|
|
Prime Rate
|
|
8.00% (3/23)
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