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Record Lows Rates on the Menu for Mortgage Loans
The Easy Way to Shop For a Mortgage Loan
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You're Now Reading:
Record Lows Rates on the Menu for Mortgage Loans
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:
Record Lows Rates on the Menu for Mortgage Loans
Mortgage Calculator
Mortgage Rates
Home Buying Tips
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About Mortgages
Mortgage Calculator
Mortgage Rates

May 25, 2012 (Shirley Allen)

Interest rates for fixed mortgages held steady this week with the 30-year fixed dropping a notch to a new record low while the 15-year fixed remained unchanged from last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 24th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages edged slightly lower this week with the 30-year fixed rate averaging a new all-time record low of 3.78 percent with an average of 0.8 points, down from an average of 3.79 percent last week. A year ago, the 30-year fixed rate mortgage averaged 4.60 percent.

The 15-year fixed rate mortgage remained at last week’s record low, averaging 3.04 percent with an average of 0.7 points. At this time last year, the 15-year fixed rate mortgage averaged 3.78 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages were higher this week with the 5-year Treasury-indexed hybrid ARM averaging 2.83 percent, with an average of 0.6 points, up from last week’s average of 2.81 percent. The 5-year adjustable rate mortgage averaged 3.41 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.78 percent with an average of 0.5 points, up from last week’s average of 2.73 percent. A year ago, the 1-year adjustable rate mortgage averaged 3.11 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were virtually unchanged this week with fixed-rate loans remaining at record lows and helping to drive homebuyer affordability. The National Association of Realtor’s Housing Affordability Index reached an all-time record high in the first quarter of this year since records began in 1970. In April, existing home sales rose to the highest rate since January with an annualized rate of 4.62 million homes with purchases increasing in all four Census Regions. Similarly, sales of new homes also rose last month, beating the market consensus forecast. In addition, the Federal Housing Finance Agency purchase-only house price index rose 0.4 between the first quarter of 2011 and 2012 and represented the first 4-quarter increase since the first quarter of 2007.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.78 3.78 3.79 3.83 3.81 3.74
Fees & Points 0.8 0.7 0.7 0.6 0.7 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.04 3.04 3.05 3.06 3.09 2.99
Fees & Points 0.7 0.6 0.7 0.6 0.6 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.83 2.82 2.84 2.99 2.77 2.76
Fees & Points 0.6 0.7 0.6 0.5 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 2.75 2.88 2.67 2.75 2.73 2.70
Fees & Points 0.4 0.5 0.5 0.4 0.5 0.4
Margin 2.76 2.78 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 4.60   3.78   3.41   3.11   3.79   3.04   2.83   2.78  
Fees & Points 0.7   0.7   0.5   0.5   0.7   0.7   0.6   0.5  
Margin N/A N/A 2.74   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.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

May 25, 2012 (Shirley Allen)

Interest rates for fixed mortgages held steady this week with the 30-year fixed dropping a notch to a new record low while the 15-year fixed remained unchanged from last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 24th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages edged slightly lower this week with the 30-year fixed rate averaging a new all-time record low of 3.78 percent with an average of 0.8 points, down from an average of 3.79 percent last week. A year ago, the 30-year fixed rate mortgage averaged 4.60 percent.

The 15-year fixed rate mortgage remained at last week’s record low, averaging 3.04 percent with an average of 0.7 points. At this time last year, the 15-year fixed rate mortgage averaged 3.78 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages were higher this week with the 5-year Treasury-indexed hybrid ARM averaging 2.83 percent, with an average of 0.6 points, up from last week’s average of 2.81 percent. The 5-year adjustable rate mortgage averaged 3.41 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.78 percent with an average of 0.5 points, up from last week’s average of 2.73 percent. A year ago, the 1-year adjustable rate mortgage averaged 3.11 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were virtually unchanged this week with fixed-rate loans remaining at record lows and helping to drive homebuyer affordability. The National Association of Realtor’s Housing Affordability Index reached an all-time record high in the first quarter of this year since records began in 1970. In April, existing home sales rose to the highest rate since January with an annualized rate of 4.62 million homes with purchases increasing in all four Census Regions. Similarly, sales of new homes also rose last month, beating the market consensus forecast. In addition, the Federal Housing Finance Agency purchase-only house price index rose 0.4 between the first quarter of 2011 and 2012 and represented the first 4-quarter increase since the first quarter of 2007.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.78 3.78 3.79 3.83 3.81 3.74
Fees & Points 0.8 0.7 0.7 0.6 0.7 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.04 3.04 3.05 3.06 3.09 2.99
Fees & Points 0.7 0.6 0.7 0.6 0.6 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.83 2.82 2.84 2.99 2.77 2.76
Fees & Points 0.6 0.7 0.6 0.5 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 2.75 2.88 2.67 2.75 2.73 2.70
Fees & Points 0.4 0.5 0.5 0.4 0.5 0.4
Margin 2.76 2.78 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 4.60   3.78   3.41   3.11   3.79   3.04   2.83   2.78  
Fees & Points 0.7   0.7   0.5   0.5   0.7   0.7   0.6   0.5  
Margin N/A N/A 2.74   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.

May 25, 2012 (Shirley Allen)

Interest rates for fixed mortgages held steady this week with the 30-year fixed dropping a notch to a new record low while the 15-year fixed remained unchanged from last week’s record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 24th.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages edged slightly lower this week with the 30-year fixed rate averaging a new all-time record low of 3.78 percent with an average of 0.8 points, down from an average of 3.79 percent last week. A year ago, the 30-year fixed rate mortgage averaged 4.60 percent.

The 15-year fixed rate mortgage remained at last week’s record low, averaging 3.04 percent with an average of 0.7 points. At this time last year, the 15-year fixed rate mortgage averaged 3.78 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages were higher this week with the 5-year Treasury-indexed hybrid ARM averaging 2.83 percent, with an average of 0.6 points, up from last week’s average of 2.81 percent. The 5-year adjustable rate mortgage averaged 3.41 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.78 percent with an average of 0.5 points, up from last week’s average of 2.73 percent. A year ago, the 1-year adjustable rate mortgage averaged 3.11 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates were virtually unchanged this week with fixed-rate loans remaining at record lows and helping to drive homebuyer affordability. The National Association of Realtor’s Housing Affordability Index reached an all-time record high in the first quarter of this year since records began in 1970. In April, existing home sales rose to the highest rate since January with an annualized rate of 4.62 million homes with purchases increasing in all four Census Regions. Similarly, sales of new homes also rose last month, beating the market consensus forecast. In addition, the Federal Housing Finance Agency purchase-only house price index rose 0.4 between the first quarter of 2011 and 2012 and represented the first 4-quarter increase since the first quarter of 2007.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.78 3.78 3.79 3.83 3.81 3.74
Fees & Points 0.8 0.7 0.7 0.6 0.7 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.04 3.04 3.05 3.06 3.09 2.99
Fees & Points 0.7 0.6 0.7 0.6 0.6 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.83 2.82 2.84 2.99 2.77 2.76
Fees & Points 0.6 0.7 0.6 0.5 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 2.75 2.88 2.67 2.75 2.73 2.70
Fees & Points 0.4 0.5 0.5 0.4 0.5 0.4
Margin 2.76 2.78 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 4.60   3.78   3.41   3.11   3.79   3.04   2.83   2.78  
Fees & Points 0.7   0.7   0.5   0.5   0.7   0.7   0.6   0.5  
Margin N/A N/A 2.74   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.