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Mortgage Interest Rates Rise From Last Week’s Record Lows
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You're Now Reading:
Mortgage Interest Rates Rise From Last Week’s Record Lows
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:
Mortgage Interest Rates Rise From Last Week’s Record Lows
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

August 25, 2011 (Shirley Allen)

Mortgage interest rates climbed up from the previous week’s fifty year lows with the exception of the 5 year ARM which set a new all-time record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs increased from their record lows last week with the 30 year FRM averaging 4.22 percent, with an average of 0.7 points, up from 4.15 percent reported the previous week. The 30 year FRM averaged 4.36 percent a year earlier.

The 15 year FRM averaged 3.44 percent this week with an average 0.6 points, up from 3.36 percent reported the previous week, and down from 3.86 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM setting a new all-time low averaging 3.07 percent, with an average of 0.5 points, which was down from 3.08 percent the previous week. The 5 year ARM averaged 3.56 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 2.93 percent this week with an average of 0.5 points, up from 2.86 percent the previous week. A year ago, the 1 year ARM averaged 3.52 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed Treasury bond yields higher this week while data reports suggest an improvement in the housing market. The Federal Housing Finance Agency national House Price Index rose for the third straight month in June bolstered by a 3.3 percent gain in the East North Central Census Division. In addition, the Mortgage Bankers Association reported that the serious delinquency rate (90 days or more plus foreclosures) on mortgages outstanding fell for the sixth consecutive quarter at the end of June to 7.85 percent.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.22 4.20 4.30 4.23 4.28 4.16
Fees & Points 0.7 0.6 0.8 0.6 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.44 3.44 3.48 3.41 3.51 3.39
Fees & Points 0.6 0.6 0.8 0.5 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.07 3.15 3.01 3.20 3.05 2.96
Fees & Points 0.5 0.4 0.6 0.3 0.6 0.6
Margin 2.74 2.74 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.93 3.25 2.67 3.11 2.79 2.70
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.80 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 4.36   3.86   3.56   3.52   4.15   3.36   3.08   2.86  
Fees & Points 0.7   0.6   0.6   0.7   0.7   0.6   0.5   0.6  
Margin N/A N/A 2.75   2.78   N/A N/A 2.73   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

August 25, 2011 (Shirley Allen)

Mortgage interest rates climbed up from the previous week’s fifty year lows with the exception of the 5 year ARM which set a new all-time record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs increased from their record lows last week with the 30 year FRM averaging 4.22 percent, with an average of 0.7 points, up from 4.15 percent reported the previous week. The 30 year FRM averaged 4.36 percent a year earlier.

The 15 year FRM averaged 3.44 percent this week with an average 0.6 points, up from 3.36 percent reported the previous week, and down from 3.86 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM setting a new all-time low averaging 3.07 percent, with an average of 0.5 points, which was down from 3.08 percent the previous week. The 5 year ARM averaged 3.56 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 2.93 percent this week with an average of 0.5 points, up from 2.86 percent the previous week. A year ago, the 1 year ARM averaged 3.52 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed Treasury bond yields higher this week while data reports suggest an improvement in the housing market. The Federal Housing Finance Agency national House Price Index rose for the third straight month in June bolstered by a 3.3 percent gain in the East North Central Census Division. In addition, the Mortgage Bankers Association reported that the serious delinquency rate (90 days or more plus foreclosures) on mortgages outstanding fell for the sixth consecutive quarter at the end of June to 7.85 percent.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.22 4.20 4.30 4.23 4.28 4.16
Fees & Points 0.7 0.6 0.8 0.6 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.44 3.44 3.48 3.41 3.51 3.39
Fees & Points 0.6 0.6 0.8 0.5 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.07 3.15 3.01 3.20 3.05 2.96
Fees & Points 0.5 0.4 0.6 0.3 0.6 0.6
Margin 2.74 2.74 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.93 3.25 2.67 3.11 2.79 2.70
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.80 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 4.36   3.86   3.56   3.52   4.15   3.36   3.08   2.86  
Fees & Points 0.7   0.6   0.6   0.7   0.7   0.6   0.5   0.6  
Margin N/A N/A 2.75   2.78   N/A N/A 2.73   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.

August 25, 2011 (Shirley Allen)

Mortgage interest rates climbed up from the previous week’s fifty year lows with the exception of the 5 year ARM which set a new all-time record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs increased from their record lows last week with the 30 year FRM averaging 4.22 percent, with an average of 0.7 points, up from 4.15 percent reported the previous week. The 30 year FRM averaged 4.36 percent a year earlier.

The 15 year FRM averaged 3.44 percent this week with an average 0.6 points, up from 3.36 percent reported the previous week, and down from 3.86 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM setting a new all-time low averaging 3.07 percent, with an average of 0.5 points, which was down from 3.08 percent the previous week. The 5 year ARM averaged 3.56 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 2.93 percent this week with an average of 0.5 points, up from 2.86 percent the previous week. A year ago, the 1 year ARM averaged 3.52 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates followed Treasury bond yields higher this week while data reports suggest an improvement in the housing market. The Federal Housing Finance Agency national House Price Index rose for the third straight month in June bolstered by a 3.3 percent gain in the East North Central Census Division. In addition, the Mortgage Bankers Association reported that the serious delinquency rate (90 days or more plus foreclosures) on mortgages outstanding fell for the sixth consecutive quarter at the end of June to 7.85 percent.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.22 4.20 4.30 4.23 4.28 4.16
Fees & Points 0.7 0.6 0.8 0.6 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.44 3.44 3.48 3.41 3.51 3.39
Fees & Points 0.6 0.6 0.8 0.5 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.07 3.15 3.01 3.20 3.05 2.96
Fees & Points 0.5 0.4 0.6 0.3 0.6 0.6
Margin 2.74 2.74 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.93 3.25 2.67 3.11 2.79 2.70
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.80 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 4.36   3.86   3.56   3.52   4.15   3.36   3.08   2.86  
Fees & Points 0.7   0.6   0.6   0.7   0.7   0.6   0.5   0.6  
Margin N/A N/A 2.75   2.78   N/A N/A 2.73   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.