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Mortgage Interest Rates Show Little Movement
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You're Now Reading:
Mortgage Interest Rates Show Little Movement
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 Show Little Movement
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Mortgage Rates

June 30, 2011 (Shirley Allen)

Mortgage interest rates again remained virtually unchanged from last week as mortgage interest rates continued to hover at the same level for the fourth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs again barely budged from the previous week with the 30 year FRM increasing by one basis point from last week to at an average of 4.51 percent with an average 0.7 points. Rates were down from 4.58 percent a year earlier.

The 15 year FRM averaged 3.69 this week with an average 0.7 points, unchanged from last week, and down from 4.04 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARMs moved downward in the last week as the 5-year Treasury-indexed hybrid ARM slid to 3.22 percent, which is down from 3.25 percent the previous week, with an average of 0.6 points. The 5 year ARM averaged 3.79 percent a year earlier.

The 1-year Treasury-indexed ARM decreased this week to 2.97 percent, with an average of 0.6 points, from 2.99 percent the previous week. A year ago, the 1 year ARM averaged 3.780 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Interest rates on 30-year fixed mortgages hovered around 4.5 percent for the fourth consecutive week following mixed reports on the strength of the economy. First quarter economic growth was revised up in the final estimate, but growth in consumer spending stagnated in May while April’s figure was revised downward; consumer expenditures account for roughly two-thirds of the nation’s gross domestic product.”

“Meanwhile, there were some signs of improvement in the housing market. In April, the S&P/Case-Shiller® 20-city composite home price index rose 0.7 percent, representing the first monthly increase since July 2010. However, much of the improvement reflected the seasonal increase in homebuying over the spring-summer period. Pending existing home sales rebounded in May, exhibiting the largest monthly increase since November 2010,” Nothaft added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.51 4.51 4.53 4.54 4.53 4.46
Fees & Points 0.7 0.7 0.9 0.7 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.69 3.68 3.74 3.73 3.78 3.63
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.22 3.33 3.13 3.37 3.25 3.07
Fees & Points 0.6 0.5 0.7 0.4 0.6 0.6
Margin 2.74 2.73 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.97 3.16 2.80 3.20 2.92 2.77
Fees & Points 0.6 0.6 0.5 0.3 0.8 0.5
Margin 2.76 2.79 2.75 2.72 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 4.58   4.04   3.79   3.80   4.50   3.69   3.25   2.99  
Fees & Points 0.7   0.7   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.75   2.75   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
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Calculator
Mortgage
Rates

June 30, 2011 (Shirley Allen)

Mortgage interest rates again remained virtually unchanged from last week as mortgage interest rates continued to hover at the same level for the fourth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs again barely budged from the previous week with the 30 year FRM increasing by one basis point from last week to at an average of 4.51 percent with an average 0.7 points. Rates were down from 4.58 percent a year earlier.

The 15 year FRM averaged 3.69 this week with an average 0.7 points, unchanged from last week, and down from 4.04 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARMs moved downward in the last week as the 5-year Treasury-indexed hybrid ARM slid to 3.22 percent, which is down from 3.25 percent the previous week, with an average of 0.6 points. The 5 year ARM averaged 3.79 percent a year earlier.

The 1-year Treasury-indexed ARM decreased this week to 2.97 percent, with an average of 0.6 points, from 2.99 percent the previous week. A year ago, the 1 year ARM averaged 3.780 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Interest rates on 30-year fixed mortgages hovered around 4.5 percent for the fourth consecutive week following mixed reports on the strength of the economy. First quarter economic growth was revised up in the final estimate, but growth in consumer spending stagnated in May while April’s figure was revised downward; consumer expenditures account for roughly two-thirds of the nation’s gross domestic product.”

“Meanwhile, there were some signs of improvement in the housing market. In April, the S&P/Case-Shiller® 20-city composite home price index rose 0.7 percent, representing the first monthly increase since July 2010. However, much of the improvement reflected the seasonal increase in homebuying over the spring-summer period. Pending existing home sales rebounded in May, exhibiting the largest monthly increase since November 2010,” Nothaft added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.51 4.51 4.53 4.54 4.53 4.46
Fees & Points 0.7 0.7 0.9 0.7 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.69 3.68 3.74 3.73 3.78 3.63
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.22 3.33 3.13 3.37 3.25 3.07
Fees & Points 0.6 0.5 0.7 0.4 0.6 0.6
Margin 2.74 2.73 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.97 3.16 2.80 3.20 2.92 2.77
Fees & Points 0.6 0.6 0.5 0.3 0.8 0.5
Margin 2.76 2.79 2.75 2.72 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 4.58   4.04   3.79   3.80   4.50   3.69   3.25   2.99  
Fees & Points 0.7   0.7   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.75   2.75   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.

June 30, 2011 (Shirley Allen)

Mortgage interest rates again remained virtually unchanged from last week as mortgage interest rates continued to hover at the same level for the fourth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs again barely budged from the previous week with the 30 year FRM increasing by one basis point from last week to at an average of 4.51 percent with an average 0.7 points. Rates were down from 4.58 percent a year earlier.

The 15 year FRM averaged 3.69 this week with an average 0.7 points, unchanged from last week, and down from 4.04 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARMs moved downward in the last week as the 5-year Treasury-indexed hybrid ARM slid to 3.22 percent, which is down from 3.25 percent the previous week, with an average of 0.6 points. The 5 year ARM averaged 3.79 percent a year earlier.

The 1-year Treasury-indexed ARM decreased this week to 2.97 percent, with an average of 0.6 points, from 2.99 percent the previous week. A year ago, the 1 year ARM averaged 3.780 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Interest rates on 30-year fixed mortgages hovered around 4.5 percent for the fourth consecutive week following mixed reports on the strength of the economy. First quarter economic growth was revised up in the final estimate, but growth in consumer spending stagnated in May while April’s figure was revised downward; consumer expenditures account for roughly two-thirds of the nation’s gross domestic product.”

“Meanwhile, there were some signs of improvement in the housing market. In April, the S&P/Case-Shiller® 20-city composite home price index rose 0.7 percent, representing the first monthly increase since July 2010. However, much of the improvement reflected the seasonal increase in homebuying over the spring-summer period. Pending existing home sales rebounded in May, exhibiting the largest monthly increase since November 2010,” Nothaft added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.51 4.51 4.53 4.54 4.53 4.46
Fees & Points 0.7 0.7 0.9 0.7 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.69 3.68 3.74 3.73 3.78 3.63
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.22 3.33 3.13 3.37 3.25 3.07
Fees & Points 0.6 0.5 0.7 0.4 0.6 0.6
Margin 2.74 2.73 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.97 3.16 2.80 3.20 2.92 2.77
Fees & Points 0.6 0.6 0.5 0.3 0.8 0.5
Margin 2.76 2.79 2.75 2.72 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 4.58   4.04   3.79   3.80   4.50   3.69   3.25   2.99  
Fees & Points 0.7   0.7   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.75   2.75   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.