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Mixed Indicators Leave Mortgage Rates Little Changed
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You're Now Reading:
Mixed Indicators Leave Mortgage Rates Little Changed
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.
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Mixed Indicators Leave Mortgage Rates Little Changed
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Mortgage Rates

October 27, 2011 (Shirley Allen)

Mixed market indicators left average mortgage rates unmotivated and virtually unchanged from the previous week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending October 27.

Fixed Rate Mortgages:

Fixed rate mortgage interest rates remained virtually unchanged from last week with the 30-year fixed rate mortgage averaging 4.10 percent with an average of 0.8 points, down from last week’s average of 4.11 percent. A year ago the 30-year fixed rate mortgage averaged 4.23 percent.

The 15-year fixed rate mortgage averaged 3.38 percent this week with an average 0.7 points, unchanged from the previous week, and down from 3.66 percent a year ago. Points last week averaged 0.8 percent.

Adjustable Rate Mortgages:

Adjustable rate mortgage interest rates were mixed again this week with the 5-year Treasury-indexed hybrid ARM averaging 3.08 percent, up from 3.01 percent last week, with an average of 0.5 points. The 5-year adjustable rate mortgage averaged 3.41 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage decreased this week, averaging 2.90 percent with an average of 0.6 points, down from 2.94 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.30 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed other long-term interest rates and showed little change, on average, from the prior week. The latest monthly housing market indicators were mixed, with consumer confidence soft, house prices largely flat, and new home sales up from very low levels.”

“Consumer confidence fell below the market consensus forecast in October to the lowest reading since March 2009, according to The Conference Board. The FHFA Purchase-Only House Price Index for the U.S. declined 0.1 percent in August on a seasonally adjusted basis, while the S&P/Case-Shiller® 20-city Composite home price index rose 0.2 percent (not seasonally adjusted) between July and August, with one-half of the cities registering a dip in values. Finally, new home sales increased 5.7 percent in September to the strongest pace since April,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.10 4.09 4.15 4.11 4.14 4.06
Fees & Points 0.8 0.8 0.9 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.38 3.37 3.39 3.39 3.43 3.36
Fees & Points 0.7 0.7 0.8 0.5 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.08 3.11 3.03 3.25 3.18 2.94
Fees & Points 0.5 0.6 0.6 0.3 0.6 0.6
Margin 2.74 2.75 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.90 3.04 2.75 3.28 2.71 2.70
Fees & Points 0.6 0.8 0.6 0.3 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 4.23   3.66   3.41   3.30   4.11   3.38   3.01   2.94  
Fees & Points 0.8   0.7   0.6   0.7   0.8   0.8   0.6   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.
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Tips
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Tips
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Calculator
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Rates

October 27, 2011 (Shirley Allen)

Mixed market indicators left average mortgage rates unmotivated and virtually unchanged from the previous week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending October 27.

Fixed Rate Mortgages:

Fixed rate mortgage interest rates remained virtually unchanged from last week with the 30-year fixed rate mortgage averaging 4.10 percent with an average of 0.8 points, down from last week’s average of 4.11 percent. A year ago the 30-year fixed rate mortgage averaged 4.23 percent.

The 15-year fixed rate mortgage averaged 3.38 percent this week with an average 0.7 points, unchanged from the previous week, and down from 3.66 percent a year ago. Points last week averaged 0.8 percent.

Adjustable Rate Mortgages:

Adjustable rate mortgage interest rates were mixed again this week with the 5-year Treasury-indexed hybrid ARM averaging 3.08 percent, up from 3.01 percent last week, with an average of 0.5 points. The 5-year adjustable rate mortgage averaged 3.41 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage decreased this week, averaging 2.90 percent with an average of 0.6 points, down from 2.94 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.30 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed other long-term interest rates and showed little change, on average, from the prior week. The latest monthly housing market indicators were mixed, with consumer confidence soft, house prices largely flat, and new home sales up from very low levels.”

“Consumer confidence fell below the market consensus forecast in October to the lowest reading since March 2009, according to The Conference Board. The FHFA Purchase-Only House Price Index for the U.S. declined 0.1 percent in August on a seasonally adjusted basis, while the S&P/Case-Shiller® 20-city Composite home price index rose 0.2 percent (not seasonally adjusted) between July and August, with one-half of the cities registering a dip in values. Finally, new home sales increased 5.7 percent in September to the strongest pace since April,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.10 4.09 4.15 4.11 4.14 4.06
Fees & Points 0.8 0.8 0.9 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.38 3.37 3.39 3.39 3.43 3.36
Fees & Points 0.7 0.7 0.8 0.5 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.08 3.11 3.03 3.25 3.18 2.94
Fees & Points 0.5 0.6 0.6 0.3 0.6 0.6
Margin 2.74 2.75 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.90 3.04 2.75 3.28 2.71 2.70
Fees & Points 0.6 0.8 0.6 0.3 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 4.23   3.66   3.41   3.30   4.11   3.38   3.01   2.94  
Fees & Points 0.8   0.7   0.6   0.7   0.8   0.8   0.6   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.

October 27, 2011 (Shirley Allen)

Mixed market indicators left average mortgage rates unmotivated and virtually unchanged from the previous week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending October 27.

Fixed Rate Mortgages:

Fixed rate mortgage interest rates remained virtually unchanged from last week with the 30-year fixed rate mortgage averaging 4.10 percent with an average of 0.8 points, down from last week’s average of 4.11 percent. A year ago the 30-year fixed rate mortgage averaged 4.23 percent.

The 15-year fixed rate mortgage averaged 3.38 percent this week with an average 0.7 points, unchanged from the previous week, and down from 3.66 percent a year ago. Points last week averaged 0.8 percent.

Adjustable Rate Mortgages:

Adjustable rate mortgage interest rates were mixed again this week with the 5-year Treasury-indexed hybrid ARM averaging 3.08 percent, up from 3.01 percent last week, with an average of 0.5 points. The 5-year adjustable rate mortgage averaged 3.41 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage decreased this week, averaging 2.90 percent with an average of 0.6 points, down from 2.94 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.30 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed other long-term interest rates and showed little change, on average, from the prior week. The latest monthly housing market indicators were mixed, with consumer confidence soft, house prices largely flat, and new home sales up from very low levels.”

“Consumer confidence fell below the market consensus forecast in October to the lowest reading since March 2009, according to The Conference Board. The FHFA Purchase-Only House Price Index for the U.S. declined 0.1 percent in August on a seasonally adjusted basis, while the S&P/Case-Shiller® 20-city Composite home price index rose 0.2 percent (not seasonally adjusted) between July and August, with one-half of the cities registering a dip in values. Finally, new home sales increased 5.7 percent in September to the strongest pace since April,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.10 4.09 4.15 4.11 4.14 4.06
Fees & Points 0.8 0.8 0.9 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.38 3.37 3.39 3.39 3.43 3.36
Fees & Points 0.7 0.7 0.8 0.5 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.08 3.11 3.03 3.25 3.18 2.94
Fees & Points 0.5 0.6 0.6 0.3 0.6 0.6
Margin 2.74 2.75 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.90 3.04 2.75 3.28 2.71 2.70
Fees & Points 0.6 0.8 0.6 0.3 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 4.23   3.66   3.41   3.30   4.11   3.38   3.01   2.94  
Fees & Points 0.8   0.7   0.6   0.7   0.8   0.8   0.6   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.