The last time that the Monthly Treasury Average was this high, Dodd had recently departed Congress and Frank was still in office.
An analysis of Federal Reserve data by Mortgage Daily indicates that the MTA was 0.18250 percent as of June.
That was highest the index has been since November 2011, when it was calculated to be 0.19583 percent.
MTA — which is utilized to determine interest rate and payment changes for some adjustable-rate mortgages — was 0.16750 percent in May 2015 and 0.11750 percent in June 2014.
MTA represents the daily average one-year Treasury yield for each of the last 12 months.
In June, the one-year Treasury averaged 0.28 percent, four basis points more than a month earlier.
As of the end of June, the one-year Treasury yield, itself — a far more widely used ARM index — was 0.28 percent,
two basis points more than at the end of May, according to Treasury Department data.
As of Monday, the one-year yield retreated back to 0.26 percent.
Of all the rate locks tracked in the Mortgage Market Index report from OpenClose and Mortgage Daily for the week ended July 3, the share that was for ARMs was 11.3 percent.
