Freddie Mac: Mortgage Rates Remain Stable

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Freddie Mac: Mortgage Rates Remain Stable

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Freddie Mac: Mortgage Rates Remain Stable

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February 3, 2011 (Chris Moore)

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) which shows mixed results in both long- and short-term rates this week.

30-year fixed-rate mortgage (FRM) averaged 4.81 percent with an average 0.8 point for the week ending February 4, 2011, up from last week when it averaged 4.80 percent. Last year at this time, the 30-year FRM averaged 5.01 percent.
15-year FRM this week averaged 4.08 percent with an average 0.8 point, down from last week when it averaged 4.09 percent. A year ago at this time, the 15-year FRM averaged 4.40 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.69 percent this week, with an average 0.7 point, down from last week when it averaged 3.70 percent. A year ago, the 5-year ARM averaged 4.27 percent.
1-year Treasury-indexed ARM averaged 3.26 percent this week with an average 0.6 point, the same as last week when it averaged 3.26 percent. At this time last year, the 1-year ARM averaged 4.22 percent.

Average commitment rates should be reported along with average fees and points to reflect the total cost of obtaining the mortgage.

Frank Nothaft, vice president and chief economist, Freddie Mac stated, “Mortgage rates held relatively stable this week on news that the economy improved and inflation remained in check at the end of 2010. In the fourth quarter, the economy grew at a 3.2 percent annualized rate, compared to 2.6 percent in the third quarter, and was led by a 4.4 percent gain in consumer spending. In addition, the core price index for consumer expenditures rose by an annualized rate of 0.4 percent, which was the smallest increase ever since records began in 1959.

And…

“In the fourth quarter of 2010, housing was the most affordable on record according to figures published by the National Association of Realtors® which date back to 1971.”

30-Year Fixed Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.81	4.84	4.77	4.88	4.78	4.77
Fees & Points	0.8	0.7	0.9	0.5	0.7	1.0

15-Year Fixed Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.08	4.12	4.04	4.13	4.13	3.99
Fees & Points	0.8	0.7	1.0	0.5	0.8	1.0

5/1-Year Adjustable Rate Mortgages
	US	NE	SE	NC	SW	W
Average	3.69	3.79	3.45	3.92	3.68	3.57
Fees & Points	0.7	0.6	0.8	0.4	0.7	0.9
Margin	2.74	2.76	2.75	2.71	2.79	2.73

1-Year Adjustable Rate Mortgages
	US	NE	SE	NC	SW	W
Average	3.26	3.49	2.95	3.50	3.43	2.98
Fees & Points	0.6	0.7	0.6	0.3	0.7	0.7
Margin	2.76	2.80	2.75	2.72	2.80	2.75

The National Mortgage Rate Snapshot
	One Year Ago				One Week Ago
	30-YR	15-YR	5/1-YR	1-YR ARM	30-YR	15-YR	5/1-YR	1-YR ARM
Average	5.01	4.40	4.27	4.22	4.80	4.09	3.70	3.26
Fees & Points	0.7	0.7	0.6	0.5	0.7	0.7	0.7	0.6
Margin	N/A	N/A	2.74	2.75	N/A	N/A	2.74	2.77

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

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WE VERIFY & TRANSMIT TO LENDERS

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Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.

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Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.

NO OBLIGATION. NO HIDDEN FEES

Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.

NO SSN OR CREDIT CHECK

No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

Home Buying
Tips

Home Selling
Tips

About
Mortgages

Mortgage
Calculator

Mortgage
Rates

February 3, 2011 (Chris Moore)

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) which shows mixed results in both long- and short-term rates this week.

30-year fixed-rate mortgage (FRM) averaged 4.81 percent with an average 0.8 point for the week ending February 4, 2011, up from last week when it averaged 4.80 percent. Last year at this time, the 30-year FRM averaged 5.01 percent.
15-year FRM this week averaged 4.08 percent with an average 0.8 point, down from last week when it averaged 4.09 percent. A year ago at this time, the 15-year FRM averaged 4.40 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.69 percent this week, with an average 0.7 point, down from last week when it averaged 3.70 percent. A year ago, the 5-year ARM averaged 4.27 percent.
1-year Treasury-indexed ARM averaged 3.26 percent this week with an average 0.6 point, the same as last week when it averaged 3.26 percent. At this time last year, the 1-year ARM averaged 4.22 percent.

Average commitment rates should be reported along with average fees and points to reflect the total cost of obtaining the mortgage.

And…

“In the fourth quarter of 2010, housing was the most affordable on record according to figures published by the National Association of Realtors® which date back to 1971.”

30-Year Fixed Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.81	4.84	4.77	4.88	4.78	4.77
Fees & Points	0.8	0.7	0.9	0.5	0.7	1.0

15-Year Fixed Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.08	4.12	4.04	4.13	4.13	3.99
Fees & Points	0.8	0.7	1.0	0.5	0.8	1.0

5/1-Year Adjustable Rate Mortgages
	US	NE	SE	NC	SW	W
Average	3.69	3.79	3.45	3.92	3.68	3.57
Fees & Points	0.7	0.6	0.8	0.4	0.7	0.9
Margin	2.74	2.76	2.75	2.71	2.79	2.73

1-Year Adjustable Rate Mortgages
	US	NE	SE	NC	SW	W
Average	3.26	3.49	2.95	3.50	3.43	2.98
Fees & Points	0.6	0.7	0.6	0.3	0.7	0.7
Margin	2.76	2.80	2.75	2.72	2.80	2.75

The National Mortgage Rate Snapshot
	One Year Ago				One Week Ago
	30-YR	15-YR	5/1-YR	1-YR ARM	30-YR	15-YR	5/1-YR	1-YR ARM
Average	5.01	4.40	4.27	4.22	4.80	4.09	3.70	3.26
Fees & Points	0.7	0.7	0.6	0.5	0.7	0.7	0.7	0.6
Margin	N/A	N/A	2.74	2.75	N/A	N/A	2.74	2.77

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

FILL OUT THE FORM

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

WE VERIFY & TRANSMIT TO LENDERS

Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.

REVIEW YOUR OFFERS

With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.

CHOOSE YOUR LENDER

Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.

HOW
MORTGAGELOANRATEUPDATE
WORKS

Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.

ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE

FAST & EASY. DATA ENCRYPTED

NO OBLIGATION. NO HIDDEN FEES

Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.

NO SSN OR CREDIT CHECK

No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

February 3, 2011 (Chris Moore)

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) which shows mixed results in both long- and short-term rates this week.

30-year fixed-rate mortgage (FRM) averaged 4.81 percent with an average 0.8 point for the week ending February 4, 2011, up from last week when it averaged 4.80 percent. Last year at this time, the 30-year FRM averaged 5.01 percent.
15-year FRM this week averaged 4.08 percent with an average 0.8 point, down from last week when it averaged 4.09 percent. A year ago at this time, the 15-year FRM averaged 4.40 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.69 percent this week, with an average 0.7 point, down from last week when it averaged 3.70 percent. A year ago, the 5-year ARM averaged 4.27 percent.
1-year Treasury-indexed ARM averaged 3.26 percent this week with an average 0.6 point, the same as last week when it averaged 3.26 percent. At this time last year, the 1-year ARM averaged 4.22 percent.

Average commitment rates should be reported along with average fees and points to reflect the total cost of obtaining the mortgage.

And…

“In the fourth quarter of 2010, housing was the most affordable on record according to figures published by the National Association of Realtors® which date back to 1971.”

30-Year Fixed Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.81	4.84	4.77	4.88	4.78	4.77
Fees & Points	0.8	0.7	0.9	0.5	0.7	1.0

15-Year Fixed Rate Mortgages
	US	NE	SE	NC	SW	W
Average	4.08	4.12	4.04	4.13	4.13	3.99
Fees & Points	0.8	0.7	1.0	0.5	0.8	1.0

5/1-Year Adjustable Rate Mortgages
	US	NE	SE	NC	SW	W
Average	3.69	3.79	3.45	3.92	3.68	3.57
Fees & Points	0.7	0.6	0.8	0.4	0.7	0.9
Margin	2.74	2.76	2.75	2.71	2.79	2.73

1-Year Adjustable Rate Mortgages
	US	NE	SE	NC	SW	W
Average	3.26	3.49	2.95	3.50	3.43	2.98
Fees & Points	0.6	0.7	0.6	0.3	0.7	0.7
Margin	2.76	2.80	2.75	2.72	2.80	2.75

The National Mortgage Rate Snapshot
	One Year Ago				One Week Ago
	30-YR	15-YR	5/1-YR	1-YR ARM	30-YR	15-YR	5/1-YR	1-YR ARM
Average	5.01	4.40	4.27	4.22	4.80	4.09	3.70	3.26
Fees & Points	0.7	0.7	0.6	0.5	0.7	0.7	0.7	0.6
Margin	N/A	N/A	2.74	2.75	N/A	N/A	2.74	2.77

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

Home Buying Tips

Home Selling Tips

About
Mortgages

HOW
MORTGAGELOANRATEUPDATE
WORKS

FILL OUT THE FORM

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

WE VERIFY & TRANSMIT TO LENDERS

Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.

REVIEW YOUR OFFERS

With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.

CHOOSE YOUR LENDER

Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.

ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE

FAST & EASY. DATA ENCRYPTED

NO OBLIGATION. NO HIDDEN FEES

Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.

NO SSN OR CREDIT
CHECK

No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.