MortgageLoanRateUpdate
MortgageLoanRateUpdate
MortgageLoanRateUpdate
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
1-000-000-0000 BECOME A PARTNER
You're Now Reading:
Interest Rates on Fixed Mortgages Hit All-Time Low
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Interest Rates on Fixed Mortgages Hit All-Time Low
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Interest Rates on Fixed Mortgages Hit All-Time Low
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

December 15, 2011 (Shirley Allen)

Interest rates for both 15-year and 30-year fixed rate mortgages along with the 5-year ARM set or matched record lows this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 15th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages were at record lows this week with the 30-year fixed rate mortgage matching its previous record low average of 3.94 percent with an average of 0.8 points, down from last week’s average of 3.99 percent. A year ago the 30-year fixed rate mortgage averaged 4.83 percent.

It was the also seventh consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage set a new record low, averaging 3.21 percent this week with an average 0.8 points, down from 3.27 percent the previous week. Interest rates on the 15-year fixed mortgage averaged 4.17 percent a year ago.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages were mixed this week with the 5-year Treasury-indexed hybrid ARM setting a new record low averaging 2.86 percent, down from 2.93 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.77 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.81 percent with an average of 0.6 points, up from 2.80 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.35 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were at or near all-time record lows this week amid a rough environment for housing. In its December 13th monetary policy announcement, the Federal Reserve reiterated the housing market remains depressed. Over the first nine months of 2011, households lost almost $400 billion in property values which contributed to a $1.4 trillion reduction in overall net worth. In addition, serious delinquency rates (90 or more days delinquent plus foreclosures) on mortgages increased slightly between June 30 and September 30 of the year, breaking a six-quarter consecutive decline, according to the Mortgage Bankers Association.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.94 3.94 4.00 3.93 4.00 3.88
Fees & Points 0.8 0.8 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.21 3.23 3.19 3.28 3.17
Fees & Points 0.8 0.8 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.86 2.86 2.82 3.02 2.89 2.73
Fees & Points 0.6 0.6 0.6 0.4 0.6 0.6
Margin 2.75 2.75 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.81 2.93 2.69 3.08 2.64 2.66
Fees & Points 0.6 0.7 0.7 0.5 0.6 0.5
Margin 2.76 2.78 2.78 2.73 2.77 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 4.83   4.17   3.77   3.35   3.99   3.27   2.93   2.80  
Fees & Points 0.7   0.7   0.7   0.7   0.7   0.8   0.5   0.6  
Margin N/A N/A 2.74   2.76   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

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.
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
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

December 15, 2011 (Shirley Allen)

Interest rates for both 15-year and 30-year fixed rate mortgages along with the 5-year ARM set or matched record lows this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 15th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages were at record lows this week with the 30-year fixed rate mortgage matching its previous record low average of 3.94 percent with an average of 0.8 points, down from last week’s average of 3.99 percent. A year ago the 30-year fixed rate mortgage averaged 4.83 percent.

It was the also seventh consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage set a new record low, averaging 3.21 percent this week with an average 0.8 points, down from 3.27 percent the previous week. Interest rates on the 15-year fixed mortgage averaged 4.17 percent a year ago.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages were mixed this week with the 5-year Treasury-indexed hybrid ARM setting a new record low averaging 2.86 percent, down from 2.93 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.77 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.81 percent with an average of 0.6 points, up from 2.80 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.35 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were at or near all-time record lows this week amid a rough environment for housing. In its December 13th monetary policy announcement, the Federal Reserve reiterated the housing market remains depressed. Over the first nine months of 2011, households lost almost $400 billion in property values which contributed to a $1.4 trillion reduction in overall net worth. In addition, serious delinquency rates (90 or more days delinquent plus foreclosures) on mortgages increased slightly between June 30 and September 30 of the year, breaking a six-quarter consecutive decline, according to the Mortgage Bankers Association.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.94 3.94 4.00 3.93 4.00 3.88
Fees & Points 0.8 0.8 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.21 3.23 3.19 3.28 3.17
Fees & Points 0.8 0.8 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.86 2.86 2.82 3.02 2.89 2.73
Fees & Points 0.6 0.6 0.6 0.4 0.6 0.6
Margin 2.75 2.75 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.81 2.93 2.69 3.08 2.64 2.66
Fees & Points 0.6 0.7 0.7 0.5 0.6 0.5
Margin 2.76 2.78 2.78 2.73 2.77 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 4.83   4.17   3.77   3.35   3.99   3.27   2.93   2.80  
Fees & Points 0.7   0.7   0.7   0.7   0.7   0.8   0.5   0.6  
Margin N/A N/A 2.74   2.76   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

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
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.

December 15, 2011 (Shirley Allen)

Interest rates for both 15-year and 30-year fixed rate mortgages along with the 5-year ARM set or matched record lows this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 15th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages were at record lows this week with the 30-year fixed rate mortgage matching its previous record low average of 3.94 percent with an average of 0.8 points, down from last week’s average of 3.99 percent. A year ago the 30-year fixed rate mortgage averaged 4.83 percent.

It was the also seventh consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage set a new record low, averaging 3.21 percent this week with an average 0.8 points, down from 3.27 percent the previous week. Interest rates on the 15-year fixed mortgage averaged 4.17 percent a year ago.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages were mixed this week with the 5-year Treasury-indexed hybrid ARM setting a new record low averaging 2.86 percent, down from 2.93 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.77 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.81 percent with an average of 0.6 points, up from 2.80 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.35 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were at or near all-time record lows this week amid a rough environment for housing. In its December 13th monetary policy announcement, the Federal Reserve reiterated the housing market remains depressed. Over the first nine months of 2011, households lost almost $400 billion in property values which contributed to a $1.4 trillion reduction in overall net worth. In addition, serious delinquency rates (90 or more days delinquent plus foreclosures) on mortgages increased slightly between June 30 and September 30 of the year, breaking a six-quarter consecutive decline, according to the Mortgage Bankers Association.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.94 3.94 4.00 3.93 4.00 3.88
Fees & Points 0.8 0.8 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.21 3.23 3.19 3.28 3.17
Fees & Points 0.8 0.8 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.86 2.86 2.82 3.02 2.89 2.73
Fees & Points 0.6 0.6 0.6 0.4 0.6 0.6
Margin 2.75 2.75 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.81 2.93 2.69 3.08 2.64 2.66
Fees & Points 0.6 0.7 0.7 0.5 0.6 0.5
Margin 2.76 2.78 2.78 2.73 2.77 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 4.83   4.17   3.77   3.35   3.99   3.27   2.93   2.80  
Fees & Points 0.7   0.7   0.7   0.7   0.7   0.8   0.5   0.6  
Margin N/A N/A 2.74   2.76   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

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
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.