Category Archives: Interest Rates

Mortgage rates

The 30-year fixed-rate mortgage averaged 4.30% during the December 22 week, up from 4.16% in the prior week. The 15-year fixed-rate mortgage averaged 3.52%, up 15 basis points during the week.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.32%, up from 3.19%.

Interest rates

The average rate for a 30-year fixed-rate mortgage was 4.04% in the week ending June 11.

A year ago, the 30-year rate was at 4.20%. A record low of 3.31% for the 30-year mortgage was in November 2012.

The rate for a 5-year Treasury-indexed hybrid adjustable-rate mortgage rose to 3.01% from 2.96%. The rate for a 1-year Treasury-indexed ARM fell to 2.53% from 2.59%.


MarketWatch summary in the news …


  • The Fed is nearing the end of its asset-purchase program.
  • It’ll still be a “considerable time” before the Fed raises interest rates. The Fed provided no solid clues about exactly when it will begin to raise interest rates, or how fast it will raise rates. Most of the members of the Federal Open Market Committee expect the first rate hike sometime in 2015.
  • The Fed expects that short-term interest rates will be back to normal levels of around 3.75% by the end of 2017.
  • When it comes time to raise rates, the Fed will target interest rates primarily by adjusting the rate it pays banks for excess reserves, and will use overnight reverse repurchase agreements sparingly.


In the news ….

At the July 29-30 meeting, the Federal Open Market Committee voted 9-1 to maintain its current policy of slowly withdrawing stimulus from the U.S. economy. The majority also reiterated the Fed is likely to keep the short-term federal funds rate below what is considered normal for “some time.”