Mortgage Daily

Published On: January 2, 2008
MTA Improves Again

4.5217% December average

January 2, 2008

By COCO SALAZAR

photo of Coco Salazar
The Monthly Treasury Average improved for the eighth consecutive month.

The MTA was 4.5217% in December, according to U.S. Treasury data. This index for pricing adjustable-rate mortgages fell 14 basis points from the previous month and about 41 BPS from December 2006.

The MTA is calculated by taking the 12-month average of the 1-year Treasury yield’s monthly average, which was 3.26% in December. The index has fallen each month since April, when it stood at 5.0292%.

On Monday, the 1-year Treasury bill yielded 3.34%, the U.S. Treasury reported.

Also declining on a monthly basis were competing ARM indices the 11th District Cost of Funds Index and the 6-month London Interbank Offered Rate. While the COFI reportedly fell to 4.172% in November, the LIBOR decreased to 4.72% as of Dec. 26.

ARM applications account for about one-tenth of all mortgage applications, the Mortgage Bankers Association reported on Thursday.

 

Coco Salazar is an associate editor and staff writer for MortgageDaily.com.e-mail: [email protected]

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN