Federal Reserve Bank of New York
Secured Overnight Financing Rate (SOFR)
Current Rate: 5.31% (Latest Update Tuesday, 9th of January, 2024.)
What is SOFR?
The Secured Overnight Financing Rate (SOFR) is a significant interest rate benchmark in the United States financial marketplace. It represents the average lending rate at which financial institutions secure overnight loans, incorporating US Treasury bonds as collateral. This rate is akin to a home loan rate, where borrowers provide security in exchange for cash. By using SOFR, market participants can access a transparent pricing mechanism that is backed by Treasury securities.
- 30-DAY AVERAGE: 5.34667
- 90-DAY AVERAGE: 5.35991
- 180-DAY AVERAGE: 5.36542
American Financial Exchange
American Interbank Offered Rate (AMERIBOR)
Current Rate: 5.43014% (Latest Update Tuesday, 9th of January, 2024.)
What is AMERIBOR?
Ameribor stands out as an overnight unsecured loan-based benchmark interest rate, closely monitored by the American Financial Exchange (AFX). This platform was established in 2015 in alliance with the CBOE (previously known as the Chicago Board Options Exchange), and has consistently provided reliable assessment of liquidity in the financial market. The significance of benchmark interest rates in finance cannot be overstated as market participants rely on them to determine investment objectives, returns, and risks.
- 30-DAY MOVING AVERAGE: 5.43667
- 90-DAY MOVING AVERAGE: 5.45762
Freddie Mac
15 & 30-Year Fixed Rate Mortgage Average (US)
30 Year Current Rate: 6.62% (Latest Update Thursday, 4th of January, 2024)
15 Year Current Rate: 5.89% (Latest Update Thursday, 4th of January, 2024)
What is the Primary Mortgage Market Survey (PMMS)?
The PMMS results, which stands for Primary Mortgage Market Survey, are a comprehensive and authoritative source of information on mortgage rates. These rates are determined based on the extensive data collected from thousands of loan applications that have been submitted to Freddie Mac from lenders all across the country. This process allows for a thorough analysis of the current mortgage market trends, as well as an accurate representation of the interest rates that borrowers can expect to encounter when applying for a mortgage loan for full coverage residential properties. The PMMS is an essential tool for homeowners, real estate professionals, and anyone interested in staying informed about the state of the housing market. By providing insight into the latest mortgage rate trends, PMMS helps borrowers make informed decisions about their home financing options.
30-Year Fixed Rate Mortgage Average History
- Preceding Period Rate: 6.61
- Year to Date Period Rate: 6.48
15-Year Fixed Rate Mortgage Average History
- Preceding Period Rate: 5.93
- Year to Date Period Rate: 5.73
Disclaimer and Term of Use
All data is provided "as is," with no warranties of any kind, express or implied, including, but not limited to, warranties of accuracy or implied warranties of merchantability or fitness for a particular purpose. The use of the data is at the user's sole risk. In no event will Freddie Mac, the Federal Reserve Bank of New York, the Federal Reserve Bank of St. Louis, the American Financial Exchange, or Bason Capital be liable for any damages arising out of or related to the data, including, but not limited to, direct, indirect, incidental, special, consequential, or punitive damages, whether under a contract, tort, or any other theory of liability. Even if any of the above-mentioned entities are aware of the possibility of such damages, they will not be responsible.
Citations
Freddie Mac, 30-Year Fixed Rate Mortgage Average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE30US, June 24, 2023.
Freddie Mac, 15-Year Fixed Rate Mortgage Average in the United States [MORTGAGE15US], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MORTGAGE15US, June 24, 2023.
Federal Reserve Bank of New York, Secured Overnight Financing Rate [SOFR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/SOFR, June 26, 2023.