Treasury yield data have been collected, the numbers have been assembled and analyzed, and the latest Monthly Treasury Average has been determined.
February’s MTA was 0.17750 percent, according to an analysis by Mortgage Daily of Federal Reserve data on monthly Treasury yields.
The index was unchanged from January. But last month’s MTA was higher than in February 2012, when it worked out to 0.15833 percent
MTA represents the daily average of the one-year Treasury note for each of the last 12 months. The daily average was 0.16 percent in February.
MTA is used as an index to determine interest rate changes on adjustable-rate mortgages.
A more common ARM index is the yield on the one-year Treasury note, which was 0.17 percent as of Feb. 28, rising from 0.15 percent at the end of January but minimally off from 0.18 percent at the same point in 2012.
ARMs accounted for 4.4 percent of all activity in the U.S. Mortgage Market Index report from Optimal Blue and Mortgage Daily for the week ended March 1. The prior week’s ARM share was 4.2 percent.
