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:
Mortgage Rates Hit New Lows Again This Week
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Mortgage Rates Hit New Lows Again This Week
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 Rates Hit New Lows Again This Week
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

December 22, 2011 (Shirley Allen)

Interest rates for 30-year fixed rate mortgages along with the 5-year and 1-year ARMs fell to record lows this week while the 15-year fixed rate mortgage matched last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 22nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages either matched or set new record lows again this week with the 30-year fixed rate mortgage setting a new record low averaging 3.91 percent with an average of 0.7 points, down from last week’s average of 3.94 percent. A year ago the 30-year fixed rate mortgage averaged 4.81 percent.

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

The 15-year fixed rate mortgage matched last week’s record low averaging 3.21 percent with an average of 0.8 points. At this time last year, the 15-year fixed rate mortgage averaged 4.15 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also dipped to new lows this week with the 5-year Treasury-indexed hybrid ARM setting another record low averaging 2.85 percent, down from 2.86 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.75 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage reached its new low this week averaging 2.77 percent with an average of 0.6 points, down from 2.81 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year, which means that today’s homebuyers are paying over $1,200 less per year on a $200,000 loan. This greater affordability helped push existing home sales higher for the second consecutive month in November to an annualized pace of 4.42 million, the most since January. In addition, new construction of one-family homes also showed a back-to-back monthly gain in November to the largest increase since June. Moreover, homebuilder confidence in December rose to its highest reading since May 2010 according to the NAHB/Wells Fargo Housing Market Index.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.91 3.92 3.97 3.90 3.95 3.85
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.24 3.23 3.19 3.27 3.17
Fees & Points 0.8 0.7 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.85 2.91 2.80 3.01 2.87 2.71
Fees & Points 0.6 0.6 0.7 0.4 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 2.77 2.88 2.64 3.02 2.63 2.64
Fees & Points 0.6 0.6 0.6 0.5 0.6 0.5
Margin 2.75 2.78 2.75 2.71 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 4.81   4.15   3.75   3.40   3.94   3.21   2.86   2.81  
Fees & Points 0.7   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 2.75   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 22, 2011 (Shirley Allen)

Interest rates for 30-year fixed rate mortgages along with the 5-year and 1-year ARMs fell to record lows this week while the 15-year fixed rate mortgage matched last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 22nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages either matched or set new record lows again this week with the 30-year fixed rate mortgage setting a new record low averaging 3.91 percent with an average of 0.7 points, down from last week’s average of 3.94 percent. A year ago the 30-year fixed rate mortgage averaged 4.81 percent.

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

The 15-year fixed rate mortgage matched last week’s record low averaging 3.21 percent with an average of 0.8 points. At this time last year, the 15-year fixed rate mortgage averaged 4.15 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also dipped to new lows this week with the 5-year Treasury-indexed hybrid ARM setting another record low averaging 2.85 percent, down from 2.86 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.75 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage reached its new low this week averaging 2.77 percent with an average of 0.6 points, down from 2.81 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year, which means that today’s homebuyers are paying over $1,200 less per year on a $200,000 loan. This greater affordability helped push existing home sales higher for the second consecutive month in November to an annualized pace of 4.42 million, the most since January. In addition, new construction of one-family homes also showed a back-to-back monthly gain in November to the largest increase since June. Moreover, homebuilder confidence in December rose to its highest reading since May 2010 according to the NAHB/Wells Fargo Housing Market Index.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.91 3.92 3.97 3.90 3.95 3.85
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.24 3.23 3.19 3.27 3.17
Fees & Points 0.8 0.7 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.85 2.91 2.80 3.01 2.87 2.71
Fees & Points 0.6 0.6 0.7 0.4 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 2.77 2.88 2.64 3.02 2.63 2.64
Fees & Points 0.6 0.6 0.6 0.5 0.6 0.5
Margin 2.75 2.78 2.75 2.71 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 4.81   4.15   3.75   3.40   3.94   3.21   2.86   2.81  
Fees & Points 0.7   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 2.75   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 22, 2011 (Shirley Allen)

Interest rates for 30-year fixed rate mortgages along with the 5-year and 1-year ARMs fell to record lows this week while the 15-year fixed rate mortgage matched last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 22nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages either matched or set new record lows again this week with the 30-year fixed rate mortgage setting a new record low averaging 3.91 percent with an average of 0.7 points, down from last week’s average of 3.94 percent. A year ago the 30-year fixed rate mortgage averaged 4.81 percent.

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

The 15-year fixed rate mortgage matched last week’s record low averaging 3.21 percent with an average of 0.8 points. At this time last year, the 15-year fixed rate mortgage averaged 4.15 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also dipped to new lows this week with the 5-year Treasury-indexed hybrid ARM setting another record low averaging 2.85 percent, down from 2.86 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.75 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage reached its new low this week averaging 2.77 percent with an average of 0.6 points, down from 2.81 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year, which means that today’s homebuyers are paying over $1,200 less per year on a $200,000 loan. This greater affordability helped push existing home sales higher for the second consecutive month in November to an annualized pace of 4.42 million, the most since January. In addition, new construction of one-family homes also showed a back-to-back monthly gain in November to the largest increase since June. Moreover, homebuilder confidence in December rose to its highest reading since May 2010 according to the NAHB/Wells Fargo Housing Market Index.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.91 3.92 3.97 3.90 3.95 3.85
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.21 3.24 3.23 3.19 3.27 3.17
Fees & Points 0.8 0.7 0.9 0.6 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.85 2.91 2.80 3.01 2.87 2.71
Fees & Points 0.6 0.6 0.7 0.4 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 2.77 2.88 2.64 3.02 2.63 2.64
Fees & Points 0.6 0.6 0.6 0.5 0.6 0.5
Margin 2.75 2.78 2.75 2.71 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 4.81   4.15   3.75   3.40   3.94   3.21   2.86   2.81  
Fees & Points 0.7   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 2.75   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.