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Weekly Interest Rate

WEEKLY INTEREST RATE OVERVIEW

The Markets. Rates on home loans were stable in the past week. Freddie Mac announced that for the week ending September 3, 30-year fixed rates rose one tick to 3.90% from 3.89% the week before. The average for 15-year loans also increased one tick to 3.10%. Adjustables were mixed with slight changes, with the average for one-year adjustables rising one tick to 2.63% and five-year adjustables falling two ticks to 2.91%. A year ago, 30-year fixed rates were at 4.12%, close, but still higher than today’s levels. Attributed to Sean Becketti, chief economist, Freddie Mac — “Following a shortened week, rates on home loans were virtually unchanged, inching up 1 basis point to 3.90 percent. The employment report released last Friday provided mixed signals, adding one more note of uncertainty prior to the Fed’s September meeting. The unemployment rate dropped to 5.1 percent in August, the lowest rate since April 2008, but only 173,000 jobs were added, well below expectations. Wages grew 2.2 percent, a neutral indication at best.” 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 Rate Mortgages
Updated September 11, 2015

Daily Value Monthly Value
Sept 10 August
6-month Treasury Security 0.25% 0.22%
1-year Treasury Security 0.39% 0.38%
3-year Treasury Security 1.06% 1.03%
5-year Treasury Security 1.55% 1.54%
10-year Treasury Security 2.23% 2.17%
12-month LIBOR 0.843% (Aug)
12-month MTA 0.221% (Aug)
11th District Cost of Funds 0.643% (July)
Prime Rate 3.25%

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