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Little Change in Mortgage Rates, 30-Year Hits Another Record Low
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You're Now Reading:
Little Change in Mortgage Rates, 30-Year Hits Another Record 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:
Little Change in Mortgage Rates, 30-Year Hits Another Record Low
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Mortgage Rates

January 19, 2012 (Shirley Allen)

Mortgage interest rates remained virtually unchanged from last week with the 30-year fixed rate mortgage dropping one basis point to a new record low of 3.88 percent according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending January 19th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages were at or near record lows this week with the 30-year fixed rate mortgage averaging a new all-time record low of 3.88 percent with an average of 0.8 points, down from last week’s average of 3.89 percent, which was the previous all-time record low. A year ago, the 30-year fixed rate mortgage averaged 4.74 percent.

It was the also 12th consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage averaged 3.17 percent with an average of 0.8 points, up one basis point from last week’s all-time record low average of 3.16 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.05 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also remained at or set record lows this week with the 5-year Treasury-indexed hybrid ARM remaining unchanged from last week’s record low average of 2.82 percent, with an average of 0.7 points. The 5-year adjustable rate mortgage averaged 3.69 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage decreased again this week averaging a new all-time record low of 2.74 percent with an average of 0.6 points, down from an average of 2.76 percent last week, which was also its previous record low. A year ago, the 1-year adjustable rate mortgage averaged 3.25 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were nearly unchanged this holiday week in lieu of a mixed bag of economic data reports. On the consumer front, retail sales edged up only 0.1 percent in December, but the Reuters/University of Michigan sentiment index continued to climb in January to the highest reading since February 2011. On the business side, industrial production rose 0.4 percent in December, slightly below the market consensus forecast, and the core producer price index rose faster than market expectations. Finally, on the home construction front, builder confidence rose for the fourth consecutive month in January to the highest level since June 2007.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.88 3.88 3.89 3.89 3.93 3.83
Fees & Points 0.8 0.8 0.8 0.6 0.8 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.17 3.17 3.16 3.19 3.23 3.12
Fees & Points 0.8 0.8 0.8 0.5 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.82 2.82 2.78 2.95 2.89 2.69
Fees & Points 0.7 0.7 0.7 0.5 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.74 2.81 2.63 2.85 2.64 2.70
Fees & Points 0.6 0.9 0.6 0.5 0.6 0.5
Margin 2.76 2.79 2.75 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 4.74   4.05   3.69   3.25   3.89   3.16   2.82   2.76  
Fees & Points 0.8   0.8   0.7   0.6   0.7   0.8   0.7   0.6  
Margin N/A N/A 2.75   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
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Mortgages
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Calculator
Mortgage
Rates

January 19, 2012 (Shirley Allen)

Mortgage interest rates remained virtually unchanged from last week with the 30-year fixed rate mortgage dropping one basis point to a new record low of 3.88 percent according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending January 19th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages were at or near record lows this week with the 30-year fixed rate mortgage averaging a new all-time record low of 3.88 percent with an average of 0.8 points, down from last week’s average of 3.89 percent, which was the previous all-time record low. A year ago, the 30-year fixed rate mortgage averaged 4.74 percent.

It was the also 12th consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage averaged 3.17 percent with an average of 0.8 points, up one basis point from last week’s all-time record low average of 3.16 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.05 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also remained at or set record lows this week with the 5-year Treasury-indexed hybrid ARM remaining unchanged from last week’s record low average of 2.82 percent, with an average of 0.7 points. The 5-year adjustable rate mortgage averaged 3.69 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage decreased again this week averaging a new all-time record low of 2.74 percent with an average of 0.6 points, down from an average of 2.76 percent last week, which was also its previous record low. A year ago, the 1-year adjustable rate mortgage averaged 3.25 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were nearly unchanged this holiday week in lieu of a mixed bag of economic data reports. On the consumer front, retail sales edged up only 0.1 percent in December, but the Reuters/University of Michigan sentiment index continued to climb in January to the highest reading since February 2011. On the business side, industrial production rose 0.4 percent in December, slightly below the market consensus forecast, and the core producer price index rose faster than market expectations. Finally, on the home construction front, builder confidence rose for the fourth consecutive month in January to the highest level since June 2007.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.88 3.88 3.89 3.89 3.93 3.83
Fees & Points 0.8 0.8 0.8 0.6 0.8 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.17 3.17 3.16 3.19 3.23 3.12
Fees & Points 0.8 0.8 0.8 0.5 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.82 2.82 2.78 2.95 2.89 2.69
Fees & Points 0.7 0.7 0.7 0.5 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.74 2.81 2.63 2.85 2.64 2.70
Fees & Points 0.6 0.9 0.6 0.5 0.6 0.5
Margin 2.76 2.79 2.75 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 4.74   4.05   3.69   3.25   3.89   3.16   2.82   2.76  
Fees & Points 0.8   0.8   0.7   0.6   0.7   0.8   0.7   0.6  
Margin N/A N/A 2.75   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.

January 19, 2012 (Shirley Allen)

Mortgage interest rates remained virtually unchanged from last week with the 30-year fixed rate mortgage dropping one basis point to a new record low of 3.88 percent according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending January 19th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages were at or near record lows this week with the 30-year fixed rate mortgage averaging a new all-time record low of 3.88 percent with an average of 0.8 points, down from last week’s average of 3.89 percent, which was the previous all-time record low. A year ago, the 30-year fixed rate mortgage averaged 4.74 percent.

It was the also 12th consecutive week that 30-year fixed mortgage rates have been four percent or lower.

The 15-year fixed rate mortgage averaged 3.17 percent with an average of 0.8 points, up one basis point from last week’s all-time record low average of 3.16 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.05 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also remained at or set record lows this week with the 5-year Treasury-indexed hybrid ARM remaining unchanged from last week’s record low average of 2.82 percent, with an average of 0.7 points. The 5-year adjustable rate mortgage averaged 3.69 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage decreased again this week averaging a new all-time record low of 2.74 percent with an average of 0.6 points, down from an average of 2.76 percent last week, which was also its previous record low. A year ago, the 1-year adjustable rate mortgage averaged 3.25 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were nearly unchanged this holiday week in lieu of a mixed bag of economic data reports. On the consumer front, retail sales edged up only 0.1 percent in December, but the Reuters/University of Michigan sentiment index continued to climb in January to the highest reading since February 2011. On the business side, industrial production rose 0.4 percent in December, slightly below the market consensus forecast, and the core producer price index rose faster than market expectations. Finally, on the home construction front, builder confidence rose for the fourth consecutive month in January to the highest level since June 2007.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.88 3.88 3.89 3.89 3.93 3.83
Fees & Points 0.8 0.8 0.8 0.6 0.8 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.17 3.17 3.16 3.19 3.23 3.12
Fees & Points 0.8 0.8 0.8 0.5 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.82 2.82 2.78 2.95 2.89 2.69
Fees & Points 0.7 0.7 0.7 0.5 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.74 2.81 2.63 2.85 2.64 2.70
Fees & Points 0.6 0.9 0.6 0.5 0.6 0.5
Margin 2.76 2.79 2.75 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 4.74   4.05   3.69   3.25   3.89   3.16   2.82   2.76  
Fees & Points 0.8   0.8   0.7   0.6   0.7   0.8   0.7   0.6  
Margin N/A N/A 2.75   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.