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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
September 18, 2014 13:42 Eastern Time
Monthly Values
Constant Maturity Treasuries
About ~ FAQ ~ History(m)/ History(d)
Released: 9/2/2014
Index Name Value Month Status*
1-Year CMT 0.11 Aug :-)
3-Year CMT 0.93 Aug :-)
5-Year CMT 1.63 Aug :-)
7-Year CMT 2.08 Aug :-)
10-Year CMT 2.42 Aug :-)
current as of Sep-18 13:42 eastern time
 Next Update: 10/6/2014
* :-) - Current as of the date specified
:-( - Not current
Mortgage-X Monthly LIBOR
About LIBOR ~ FAQ ~ WSJ LIBOR
Released: 9/2/2014
Mortgage-X LIBOR Value Month Status
1-Month LIBOR 0.1560 Aug :-)
3-Month LIBOR 0.2347 Aug :-)
6-Month LIBOR 0.3297 Aug :-)
1-Year LIBOR 0.5589 Aug :-)
current as of Sep-18 13:42 eastern time
Next Update: 10/6/2014
Moving Average Treasury Index
About ~ FAQ ~ History ~ Forecast
Released: 9/2/2014
12-Month MTA Value Month Status
Rounded to 4 Places 0.1154 Aug :-)
Rounded to 3 Places 0.115 Aug :-)
current as of Sep-18 13:42 eastern time
Next Update: 10/6/2014
Mortgage-X Estimates
The MTA for September will be: 0.10-0.13
Certificate of Deposit Index
About ~ History ~ Forecast
Released: 9/2/2014
Moving Average CODI Value Month Status
Rounded to 4 Places 0.0000 Aug :-)
Rounded to 3 Places 0.000 Aug :-)
current as of Sep-18 13:42 eastern time
Next Update: 10/6/2014
Mortgage-X Estimates
The CODI for September will be: -0.02-0.00
11th District Cost of Funds Index
About ~ FAQ ~ History ~ Forecast
Released: 8/29/2014
Index Name Value Month Status
11th District COFI 0.668 Jul :-)
current as of Sep-18 13:42 eastern time
Next Update: 9/30/2014
Wells Fargo Cost of Savings Index
(Wachovia Cost of Savings Index)
Released: 9/15/2014
Index Name Value Month Status
Wells Fargo COSI 0.89 Aug :-)
Wachovia COSI 0.89 Aug :-)
current as of Sep-18 13:42 eastern time
Next Update: 10/15/2014
Monthly Treasury Bills (Auction High)
About ~ FAQ ~ Graph
Released: 9/2/2014
Index Name Value Month Status
3-Month T-Bill 0.03 Aug :-)
6-Month T-Bill 0.05 Aug :-)
current as of Sep-18 13:42 eastern time
 Next Update: 10/6/2014
Certificates of Deposit (Secondary Market)
Released: 9/2/2014 ~ About
Index Name Value Month Status
3-Month CD 0.00 Aug :-)
6-Month CD 0.00 Aug :-)
current as of Sep-18 13:42 eastern time
 Next Update: 10/6/2014
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: 8/20/2014 ~ History
Index Name Value Month Status
Federal COFI 0.935 Jul :-)
current as of Sep-18 13:42 eastern time
 Next Update: 9/20/2014
Monthly Prime Rate
(Average of Business Days)
About ~ History ~ Forecast
Released: 9/2/2014
Index Name Value Month Status
Monthly Prime Rate 3.25 Aug :-)
current as of Sep-18 13:42 eastern time
 Next Update: 10/6/2014
National Average Contract Mortgage Rate
(Federal Housing Finance Board)
About ~ History
Released: 8/28/2014
Index Name Value Month Status
FHFB Contract Rate 4.09 Jul :-)
current as of Sep-18 13:42 eastern time
Next Update: 9/30/2014

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 six most popular ARM indexes.
Historical performance of the six 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.

  Sep 5 Sep 8 Sep 9 Sep 10 Sep 11 Sep 12 Sep 15 Sep 16
1-Mo 0.152xx 0.153xx 0.153xx 0.153xx 0.153xx 0.153xx 0.153xx 0.153xx
3-Mo 0.232xx 0.233xx 0.234xx 0.234xx 0.234xx 0.234xx 0.234xx 0.234xx
6-Mo 0.327xx 0.326xx 0.329xx 0.331xx 0.330xx 0.330xx 0.330xx 0.330xx
1-Yr 0.569xx 0.562xx 0.573xx 0.580xx 0.582xx 0.586xx 0.584xx 0.582xx
 source WSJ print
Treasury Yield Curve Rates
Daily Values
Time to
Maturity
Sep
11
Sep
12
Sep
15
Sep
16
Sep
17
1m 0.01 0.01 0.01 0.01 0.01
3m 0.02 0.02 0.02 0.02 0.02
6m 0.05 0.05 0.05 0.04 0.05
1y 0.11 0.11 0.11 0.13 0.12
2y 0.58 0.58 0.58 0.55 0.59
3y 1.07 1.07 1.06 1.04 1.08
5y 1.79 1.83 1.80 1.78 1.82
7y 2.22 2.29 2.26 2.26 2.29
10y 2.54 2.62 2.60 2.60 2.62
20y 3.02 3.10 3.09 3.11 3.12
30y 3.27 3.35 3.34 3.36 3.37

CMT: Weekly Average Yields
Averages of Business Days
Week
Ending
Aug
29
  Sep
5
  Sep
12
1 Month 0.024 0.020 0.010
3 Months 0.034 0.030 0.020
6 Months 0.050 0.050 0.050
1 Year 0.108 0.103 0.108
2 Years 0.508 0.527 0.568
3 Years 0.966 0.995 1.058
5 Years 1.656 1.695 1.778
7 Years 2.062 2.125 2.216
10 Years 2.368 2.435 2.536
20 Years 2.854 2.933 3.014
30 Years 3.112 3.190 3.268
Year
Week
2014
# 35
  2014
# 36
  2014
# 37

National Average Mortgage Rates
1. Daily Values
Date Sep.17   Sep.18
30 Year FRM 4.46 4.47
15 Year FRM 4.10 4.11
(Source: Mortgage-X)

2. Weekly Values
Week Ending Sep.5   Sep.12
30 Year FRM 4.10 4.12
15 Year FRM 3.24 3.26
5/1 ARM 2.97 2.99
1 Year ARM 2.40 2.45
(Source: Freddie Mac)

3. Monthly Average Values
Mortgage Type Value Month
30 Year FRM * 4.11 Sep
15 Year FRM * 3.25 Sep
1 Year ARM * 2.43 Sep
* Averages of the current
month's weekly PMMS rate.

4. National Monthly Averages
Mortgage Type Value Month
30 Year FRM (HSH) 4.20 Aug
15 Year FRM (HSH) 3.45 Aug
1 Year ARM (HSH) 0.00 Aug
(Source: HSH Associates'
National Monthly Averages)

Weekly ARM Index Values
Week Ending: Sep 5, 2014
Treasury Bills (Auction High)
3-Month Treasury Bill 0.03
6-Month Treasury Bill 0.05
Constant Maturity Treasuries
1-Year CMT 0.10
3-Year CMT 1.00
5-Year CMT 1.70
CDs (Secondary Market)
6-Month CD 0.00

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 Sep
18
Sep
19
Sep
22
Sep
23
Sep
24
Sep
25
Sep
26
Sep
29
Sep
30
Oct
1
Oct
2
Oct
3
Oct
6
Oct
7
Oct
8
Oct
9
Oct
10
Oct
13
Oct
14
Oct
15
Oct
16
Oct
17
1-Year CMT 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.14 0.14 0.14 0.14 0.14 0.14 0.14 0.14
6-Month LIBOR 0.33 0.34 0.35 0.36 0.36 0.37 0.37 0.38 0.39 0.39 0.40 0.40 0.41 0.42 0.42 0.43 0.43 0.45 0.45 0.45 0.46 0.46

* for general illustrative purposes only


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