The 1 Year Constant Maturing Treasury (CMT) for November was 0.13%, ticking up 3 basis points this month. Many older Adjustable Rate Mortgages (ARMs) are tied to this rate. The policies of the Federal Reserve continue to keep the rate near historical lows.
The 12 Month Treasury Average (12 MTA or 12 MAT) for November comes in at 0.114%, again near the lowest rate in its history.
The 11th District Cost of Funds Index (COFI) is also near historical lows, reported as 0.671% for the month of October.