ABBA First Mortgage News

Staying low as Feds meet Thursday-Friday to discuss future actions

Rates hold steady as we have seen these lows for a second straight week.Ā  last year, the 30 year fixed rate mortgage averaged 4.53% while this year it has been averaging 3.60%, nearly 1.0% less than it was a year ago.

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 Rate MortgagesĀ 
Updated August 16, 2019

  Daily Value Monthly Value
  August 15 July
6-month Treasury Security 1.86% 2.08%
1-year Treasury Security 1.72% 1.96%
3-year Treasury Security 1.44% 1.80%
5-year Treasury Security 1.42% 1.83%
10-year Treasury Security 1.52% 2.06%
12-month LIBOR   2.189% (July)
12-month MTA   2.447% (July)
11th District Cost of Funds   1.141% (June)
Prime Rate   5.25% (July)

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