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 Little Changed From Last Week, 30-Year Under 4%
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Mortgage Rates Little Changed From Last Week, 30-Year Under 4%
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 Little Changed From Last Week, 30-Year Under 4%
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

November 10, 2011 (Shirley Allen)

The 30-year fixed rate mortgages dropped to under four percent for the second time this year but overall rates were little changed from last week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending November 10th.

Fixed Rate Mortgages:

Fixed rate mortgage interest rates fell slightly in the last week with the 30-year fixed rate mortgage averaging 3.99 percent with an average of 0.7 points, down from last week’s average of 4.00 percent. A year ago the 30-year fixed rate mortgage averaged 4.17 percent.

The 15-year fixed rate mortgage averaged 3.30 percent this week with an average 0.8 points, down from 3.31 percent the previous week, and down from 3.57 percent a year ago.

Adjustable Rate Mortgages:

Adjustable rate mortgage interest rates increased slightly in the last week with the 5-year Treasury-indexed hybrid ARM averaging 2.98 percent, up from 2.96 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.25 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage also increased this week, averaging 2.98 percent with an average of 0.6 points, up from 2.88 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.26 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates were little changed this week amid a mix of economic data reports. The economy added 80,000 net jobs in October, below the market consensus forecast, but employment gains over the prior two months were revised up by 102,000 and the unemployment rate fell to 9.0 percent, the lowest in six months. Factory orders improved in September, yet the expansion in the service industry slowed in October.”

“Soft house prices and low mortgage rates have kept home-buyer affordability historically high, according to the National Association of Realtors® (NAR). In the third quarter, 74 percent of the NAR’s metropolitan areas exhibited annual house price declines, compared to 72 percent in the second quarter. In addition, 30-year fixed mortgage rates averaged 4.3 percent in the third quarter as opposed to 4.7 percent in the second. These factors helped raise September’s NAR Housing Affordability Index to the third highest reading on record which dates back to 1971,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.99 3.99 4.06 4.01 4.03 3.93
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 3.30 3.32 3.32 3.28 3.36 3.24
Fees & Points 0.8 0.8 0.9 0.7 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.98 3.07 2.91 3.13 2.96 2.83
Fees & Points 0.6 0.6 0.6 0.4 0.6 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.95 3.16 2.83 3.27 2.70 2.71
Fees & Points 0.6 0.7 0.6 0.4 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 4.17   3.57   3.25   3.26   4.00   3.31   2.96   2.88  
Fees & Points 0.8   0.8   0.7   0.7   0.7   0.7   0.6   0.6  
Margin N/A N/A 2.75   2.77   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
Mortgage
Calculator
Mortgage
Rates

November 10, 2011 (Shirley Allen)

The 30-year fixed rate mortgages dropped to under four percent for the second time this year but overall rates were little changed from last week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending November 10th.

Fixed Rate Mortgages:

Fixed rate mortgage interest rates fell slightly in the last week with the 30-year fixed rate mortgage averaging 3.99 percent with an average of 0.7 points, down from last week’s average of 4.00 percent. A year ago the 30-year fixed rate mortgage averaged 4.17 percent.

The 15-year fixed rate mortgage averaged 3.30 percent this week with an average 0.8 points, down from 3.31 percent the previous week, and down from 3.57 percent a year ago.

Adjustable Rate Mortgages:

Adjustable rate mortgage interest rates increased slightly in the last week with the 5-year Treasury-indexed hybrid ARM averaging 2.98 percent, up from 2.96 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.25 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage also increased this week, averaging 2.98 percent with an average of 0.6 points, up from 2.88 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.26 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates were little changed this week amid a mix of economic data reports. The economy added 80,000 net jobs in October, below the market consensus forecast, but employment gains over the prior two months were revised up by 102,000 and the unemployment rate fell to 9.0 percent, the lowest in six months. Factory orders improved in September, yet the expansion in the service industry slowed in October.”

“Soft house prices and low mortgage rates have kept home-buyer affordability historically high, according to the National Association of Realtors® (NAR). In the third quarter, 74 percent of the NAR’s metropolitan areas exhibited annual house price declines, compared to 72 percent in the second quarter. In addition, 30-year fixed mortgage rates averaged 4.3 percent in the third quarter as opposed to 4.7 percent in the second. These factors helped raise September’s NAR Housing Affordability Index to the third highest reading on record which dates back to 1971,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.99 3.99 4.06 4.01 4.03 3.93
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 3.30 3.32 3.32 3.28 3.36 3.24
Fees & Points 0.8 0.8 0.9 0.7 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.98 3.07 2.91 3.13 2.96 2.83
Fees & Points 0.6 0.6 0.6 0.4 0.6 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.95 3.16 2.83 3.27 2.70 2.71
Fees & Points 0.6 0.7 0.6 0.4 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 4.17   3.57   3.25   3.26   4.00   3.31   2.96   2.88  
Fees & Points 0.8   0.8   0.7   0.7   0.7   0.7   0.6   0.6  
Margin N/A N/A 2.75   2.77   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.

November 10, 2011 (Shirley Allen)

The 30-year fixed rate mortgages dropped to under four percent for the second time this year but overall rates were little changed from last week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending November 10th.

Fixed Rate Mortgages:

Fixed rate mortgage interest rates fell slightly in the last week with the 30-year fixed rate mortgage averaging 3.99 percent with an average of 0.7 points, down from last week’s average of 4.00 percent. A year ago the 30-year fixed rate mortgage averaged 4.17 percent.

The 15-year fixed rate mortgage averaged 3.30 percent this week with an average 0.8 points, down from 3.31 percent the previous week, and down from 3.57 percent a year ago.

Adjustable Rate Mortgages:

Adjustable rate mortgage interest rates increased slightly in the last week with the 5-year Treasury-indexed hybrid ARM averaging 2.98 percent, up from 2.96 percent last week, with an average of 0.6 points. The 5-year adjustable rate mortgage averaged 3.25 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage also increased this week, averaging 2.98 percent with an average of 0.6 points, up from 2.88 percent the previous week. A year ago, the 1 year adjustable rate mortgage averaged 3.26 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates were little changed this week amid a mix of economic data reports. The economy added 80,000 net jobs in October, below the market consensus forecast, but employment gains over the prior two months were revised up by 102,000 and the unemployment rate fell to 9.0 percent, the lowest in six months. Factory orders improved in September, yet the expansion in the service industry slowed in October.”

“Soft house prices and low mortgage rates have kept home-buyer affordability historically high, according to the National Association of Realtors® (NAR). In the third quarter, 74 percent of the NAR’s metropolitan areas exhibited annual house price declines, compared to 72 percent in the second quarter. In addition, 30-year fixed mortgage rates averaged 4.3 percent in the third quarter as opposed to 4.7 percent in the second. These factors helped raise September’s NAR Housing Affordability Index to the third highest reading on record which dates back to 1971,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.99 3.99 4.06 4.01 4.03 3.93
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 3.30 3.32 3.32 3.28 3.36 3.24
Fees & Points 0.8 0.8 0.9 0.7 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.98 3.07 2.91 3.13 2.96 2.83
Fees & Points 0.6 0.6 0.6 0.4 0.6 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.95 3.16 2.83 3.27 2.70 2.71
Fees & Points 0.6 0.7 0.6 0.4 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 4.17   3.57   3.25   3.26   4.00   3.31   2.96   2.88  
Fees & Points 0.8   0.8   0.7   0.7   0.7   0.7   0.6   0.6  
Margin N/A N/A 2.75   2.77   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.