The 1 Year Constant Maturing Treasury (CMT) for December was 0.21%, surging 8 basis points this month. Many older Adjustable Rate Mortgages (ARMs) are tied to this rate. The anticipated 2015 policy changes of the Federal Reserve have dramatically increased rates this month.
The 12 Month Treasury Average (12 MTA or 12 MAT) for December comes in at 0.121%, moving up slightly on the CMT increase.
The 11th District Cost of Funds Index (COFI) is also near historical lows, reported as 0.686% for the month of November.