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{Mortgage (ARM) Indexes: Historical Values  |  Moving Average Values} + {National Average Mortgage Rates: Monthly Historical Values  |  Weekly Historical Values}
Mortgage (ARM) Indexes
January 25, 2015 15:15 Eastern Time
Monthly Values
Constant Maturity Treasuries
About ~ FAQ ~ History(m)/ History(d)
Released: 1/5/2015
Index Name Value Month Status*
1-Year CMT 0.21 Dec :-)
3-Year CMT 1.06 Dec :-)
5-Year CMT 1.64 Dec :-)
7-Year CMT 1.98 Dec :-)
10-Year CMT 2.21 Dec :-)
current as of Jan-25 15:15 eastern time
 Next Update: 2/2/2015
* :-) - Current as of the date specified
:-( - Not current
Mortgage-X Monthly LIBOR
About LIBOR ~ FAQ ~ WSJ LIBOR
Released: 1/5/2015
Mortgage-X LIBOR Value Month Status
1-Month LIBOR 0.1631 Dec :-)
3-Month LIBOR 0.2446 Dec :-)
6-Month LIBOR 0.3430 Dec :-)
1-Year LIBOR 0.6021 Dec :-)
current as of Jan-25 15:15 eastern time
Next Update: 2/2/2015
Moving Average Treasury Index
About ~ FAQ ~ History ~ Forecast
Released: 1/5/2015
12-Month MTA Value Month Status
Rounded to 4 Places 0.1208 Dec :-)
Rounded to 3 Places 0.121 Dec :-)
current as of Jan-25 15:15 eastern time
Next Update: 2/2/2015
Mortgage-X Estimates
The MTA for January will be: 0.11-0.14
Certificate of Deposit Index
About ~ History ~ Forecast
Index Discontinued
Moving Average CODI Value Month Status
Rounded to 4 Places * * *
Rounded to 3 Places * * *
* Reports Discontinued
11th District Cost of Funds Index
About ~ FAQ ~ History ~ Forecast
Released: 12/31/2014
Index Name Value Month Status
11th District COFI 0.686 Nov :-)
current as of Jan-25 15:15 eastern time
Next Update: 1/30/2015
Wells Fargo Cost of Savings Index
(Wachovia Cost of Savings Index)
Released: 1/15/2015
Index Name Value Month Status
Wells Fargo COSI 0.84 Dec :-)
Wachovia COSI 0.84 Dec :-)
current as of Jan-25 15:15 eastern time
Next Update: 2/15/2015
Monthly Treasury Bills (Auction High)
About ~ FAQ ~ Graph
Released: 1/5/2015
Index Name Value Month Status
3-Month T-Bill 0.03 Dec :-)
6-Month T-Bill 0.11 Dec :-)
current as of Jan-25 15:15 eastern time
 Next Update: 2/2/2015
Certificates of Deposit (Secondary Market)
Index Discontinued ~ About
Index Name Value Month Status
3-Month CD * * *
6-Month CD * * *
* Reports Discontinued
National Median Monthly Cost of Funds
(Office of Thrift Supervision)
(Office of the Comptroller of the Currency)
Index Discontinued
Released: 2/15/2012 ~ History
Index Name Value Month Status
National Median COFI 1.16 Dec *
current as of 3/14/2012
* Reports Discontinued
Federal Cost of Funds Index
(Federal Home Loan Mortgage Corporation)
Released: 12/20/2014 ~ History
Index Name Value Month Status
Federal COFI 0.936 Dec :-(
current as of 1/19/2015
 Next Update: 1/20/2015
Monthly Prime Rate
(Average of Business Days)
About ~ History ~ Forecast
Released: 1/5/2015
Index Name Value Month Status
Monthly Prime Rate 3.25 Dec :-)
current as of Jan-25 15:15 eastern time
 Next Update: 2/2/2015
National Average Contract Mortgage Rate
(Federal Housing Finance Board)
About ~ History
Released: 12/30/2014
Index Name Value Month Status
FHFB Contract Rate 4.00 Nov :-)
current as of Jan-25 15:15 eastern time
Next Update: 1/29/2015

Mortgage Indexes

9/24/2013: About the 3 and 6 month CD rates. A number of astute readers have e-mailed us about rates on the 3 and 6 month certificates of deposit; we've published a rate of 0.00 for a number of weeks now. The data are compiled from the Federal Reserve's H.15 report. Due to historically low interest rates, these CDs are not trading very actively in the secondary market, and so the Fed has stopped reporting these figures. This also means that we will be unable to publish the CODI shortly as well. We apologize for the inconvenience, and we'll begin publishing again when the data becomes available.

There are many possible ARM indexes. Each one has distinct market characteristics and fluctuates differently. The most common indexes are:

CMT, COFI, and LIBOR indexes are the most frequently used. Approximately 80 percent of all the ARMs today are based on one of these indexes.

The other indexes, that can be used as benchmarks for some types of mortgage loans, are:

If you're deciding which index is better you should understand that there probably is no such thing as a "good" index or a "bad" index. Each index has its advantages and drawbacks, and is used in different situations. Generally, a loan tied to a lagging index (COFI, e.g.) is better when rates are rising. Leading index loans, like those tied to CMT, are best during periods of declining rates.

If you'd like to see how the index for any ARM you are considering has changed in recent years you can find historical values for most popular ARM indexes on our site. Data are available beginning from January, 1990. If you need historical data prior to 1990, click here.

We have developed several search, comparison and prediction tools and calculators to help you explore the advantages and disadvantages of different types of ARM indexes available today:

The best way to judge an index is to study its past performance. The historical graph below can help you to get an idea of how the most often used indexes perform over interest rate cycles.

Historical performance of the five most popular ARM indexes.
Historical performance of the five most popular ARM indexes. { Obtaining Permission to Reproduce }

Related Articles:

  Interest Rate Forecasting: Economic Indicators
Interest rates on residential mortgages and U.S. Treasury securities can be influenced by monthly changes and the longer-term trend changes of economic indicators.

  Will Mortgage Rates Rise or Fall?
Our Weekly Mortgage Rate Trend Survey summarizes where mortgage professionals think mortgage rates are headed in the future.

  Interest Rate Trends
Three month, one year, three year and long-term trends of national average mortgage rates on 30-, 15-year fixed, 1-year (CMT-indexed) and 5/1 combined adjustable rate mortgages.

  Treasury Market and Mortgage Rates
Yields on 10-year and 30-year Treasury securities are typically used to set long-term mortgage rates.

  Treasury Yield Curve Dynamics
See how the shape of the yield curve changes over time.

  Jan 12 Jan 13 Jan 14 Jan 15 Jan 16 Jan 19 Jan 20 Jan 21
1-Mo 0.166xx 0.166xx 0.168xx 0.168xx 0.168xx 0.168xx 0.168xx 0.166xx
3-Mo 0.252xx 0.253xx 0.253xx 0.252xx 0.256xx 0.256xx 0.256xx 0.257xx
6-Mo 0.359xx 0.357xx 0.358xx 0.356xx 0.354xx 0.355xx 0.355xx 0.358xx
1-Yr 0.620xx 0.622xx 0.622xx 0.614xx 0.609xx 0.611xx 0.615xx 0.621xx
 source WSJ print
Treasury Yield Curve Rates
Daily Values
Time to
Maturity
Jan
16
Jan
20
Jan
21
Jan
22
Jan
23
1m 0.02 0.01 0.01 0.02 0.02
3m 0.03 0.03 0.03 0.03 0.02
6m 0.07 0.08 0.08 0.08 0.07
1y 0.17 0.17 0.17 0.17 0.17
2y 0.49 0.53 0.53 0.53 0.52
3y 0.80 0.85 0.87 0.90 0.86
5y 1.29 1.31 1.35 1.39 1.33
7y 1.60 1.61 1.66 1.69 1.62
10y 1.83 1.82 1.87 1.90 1.81
20y 2.17 2.15 2.20 2.21 2.12
30y 2.44 2.39 2.44 2.46 2.38

CMT: Weekly Average Yields
Averages of Business Days
Week
Ending
Jan
9
  Jan
16
  Jan
23
1 Month 0.018 0.022 0.015
3 Months 0.028 0.032 0.027
6 Months 0.090 0.082 0.077
1 Year 0.242 0.180 0.170
2 Years 0.632 0.508 0.527
3 Years 1.008 0.834 0.870
5 Years 1.498 1.320 1.345
7 Years 1.790 1.622 1.645
10 Years 1.996 1.858 1.850
20 Years 2.288 2.192 2.170
30 Years 2.556 2.458 2.418
Year
Week
2015
# 2
  2015
# 3
  2015
# 4

National Average Mortgage Rates
1. Daily Values
Date Jan.21   Jan.22
30 Year FRM 4.01 4.04
15 Year FRM 3.59 3.59
(Source: Mortgage-X)

2. Weekly Values
Week Ending Jan.16   Jan.23
30 Year FRM 3.66 3.63
15 Year FRM 2.98 2.93
5/1 ARM 2.90 2.83
1 Year ARM 2.37 2.37
(Source: Freddie Mac)

3. Monthly Average Values
Mortgage Type Value Month
30 Year FRM * 3.72 Jan
15 Year FRM * 3.03 Jan
1 Year ARM * 2.38 Jan
* Averages of the current
month's weekly PMMS rate.

4. National Monthly Averages
Mortgage Type Value Month
30 Year FRM (HSH) 4.01 Dec
15 Year FRM (HSH) 3.34 Dec
1 Year ARM (HSH) 2.66 Dec
(Source: HSH Associates'
National Monthly Averages)

Weekly ARM Index Values
Week Ending: Jan 16, 2015
Treasury Bills (Auction High)
3-Month Treasury Bill 0.03
6-Month Treasury Bill 0.08
Constant Maturity Treasuries
1-Year CMT 0.18
3-Year CMT 0.83
5-Year CMT 1.32

Prime Rate
(Bank Prime Loan)
About
~ History ~ Forecast
Daily Prime Rate
Current Value Date of Change*
3.25 12/16/2008
* The prime rate changes irregularly.

Projected Future 1-Year CMT & 6-Month WSJ LIBOR, Daily Values*

Date Jan
26
Jan
27
Jan
28
Jan
29
Jan
30
Feb
2
Feb
3
Feb
4
Feb
5
Feb
6
Feb
9
Feb
10
Feb
11
Feb
12
Feb
13
Feb
16
Feb
17
Feb
18
Feb
19
Feb
20
1-Year CMT 0.17 0.17 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.18 0.19 0.19 0.19 0.19 0.19 0.19 0.20 0.20 0.20 0.20
6-Month LIBOR 0.37 0.38 0.38 0.39 0.39 0.41 0.41 0.42 0.42 0.42 0.44 0.44 0.45 0.45 0.46 0.47 0.48 0.48 0.49 0.49

* for general illustrative purposes only


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