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Thirty-Year Fixed Mortgage Rates Rise After Three Weeks at Record Low
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You're Now Reading:
Thirty-Year Fixed Mortgage Rates Rise After Three Weeks at Record Low
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:
Thirty-Year Fixed Mortgage Rates Rise After Three Weeks at Record Low
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February 23, 2012 (Shirley Allen)

Thirty-year fixed rate mortgages edged up this week after a three week stay at its record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending February 23rd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages climbed this week with the 30-year fixed rate averaging 3.95 percent with an average of 0.8 points, up from an average of 3.87 percent over the last three weeks. A year ago, the 30-year fixed rate mortgage averaged 4.95 percent.

It was the 16th consecutive week that 30-year fixed mortgage rates have been four percent or less.

The 15-year fixed rate mortgage averaged 3.19 percent with an average of 0.8 points, up from last week’s average of 3.16 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.22 percent.

Adjustable Rate Mortgages:

Conversely, interest rates for adjustable mortgages fell this week with the 5-year Treasury-indexed hybrid ARM averaging 2.80 percent, down from last week’s average of 2.82 percent, with an average of 0.7 points. The 5-year adjustable rate mortgage averaged 3.80 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage also declined this week averaging 2.73 percent with an average of 0.6 points, down from an average of 2.84 percent a week ago. A year ago, the 1-year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “New data releases this week suggest the housing market is continuing to gradually improve. Loans that were seriously delinquent (90 days or more past due plus the foreclosure inventory) fell to 5.3 percent of prime mortgages at the end of 2011, representing the lowest quarterly share since the start of 2009, according to the Mortgage Bankers Association. The Census Bureau reported new residential construction starts in January outpaced the market consensus forecast, led by condominiums and apartment buildings, and December’s figures had upward revisions. Finally, existing home sales were at the strongest pace in January since May 2010, according to the National Association of Realtors®”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.95 3.95 3.97 3.95 3.97 3.91
Fees & Points 0.8 0.8 0.8 0.8 0.9 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.19 3.20 3.19 3.19 3.24 3.14
Fees & Points 0.8 0.7 0.8 0.7 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.80 2.79 2.80 2.94 2.71 2.74
Fees & Points 0.7 0.9 0.7 0.5 0.9 0.7
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 2.73 2.80 2.61 2.90 2.64 2.64
Fees & Points 0.6 0.8 0.6 0.5 0.6 0.5
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 4.95   4.22   3.80   3.40   3.87   3.16   2.82   2.84  
Fees & Points 0.6   0.7   0.6   0.6   0.8   0.8   0.8   0.6  
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.
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Tips
Home Selling
Tips
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Mortgages
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Calculator
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Rates

February 23, 2012 (Shirley Allen)

Thirty-year fixed rate mortgages edged up this week after a three week stay at its record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending February 23rd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages climbed this week with the 30-year fixed rate averaging 3.95 percent with an average of 0.8 points, up from an average of 3.87 percent over the last three weeks. A year ago, the 30-year fixed rate mortgage averaged 4.95 percent.

It was the 16th consecutive week that 30-year fixed mortgage rates have been four percent or less.

The 15-year fixed rate mortgage averaged 3.19 percent with an average of 0.8 points, up from last week’s average of 3.16 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.22 percent.

Adjustable Rate Mortgages:

Conversely, interest rates for adjustable mortgages fell this week with the 5-year Treasury-indexed hybrid ARM averaging 2.80 percent, down from last week’s average of 2.82 percent, with an average of 0.7 points. The 5-year adjustable rate mortgage averaged 3.80 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage also declined this week averaging 2.73 percent with an average of 0.6 points, down from an average of 2.84 percent a week ago. A year ago, the 1-year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “New data releases this week suggest the housing market is continuing to gradually improve. Loans that were seriously delinquent (90 days or more past due plus the foreclosure inventory) fell to 5.3 percent of prime mortgages at the end of 2011, representing the lowest quarterly share since the start of 2009, according to the Mortgage Bankers Association. The Census Bureau reported new residential construction starts in January outpaced the market consensus forecast, led by condominiums and apartment buildings, and December’s figures had upward revisions. Finally, existing home sales were at the strongest pace in January since May 2010, according to the National Association of Realtors®”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.95 3.95 3.97 3.95 3.97 3.91
Fees & Points 0.8 0.8 0.8 0.8 0.9 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.19 3.20 3.19 3.19 3.24 3.14
Fees & Points 0.8 0.7 0.8 0.7 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.80 2.79 2.80 2.94 2.71 2.74
Fees & Points 0.7 0.9 0.7 0.5 0.9 0.7
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 2.73 2.80 2.61 2.90 2.64 2.64
Fees & Points 0.6 0.8 0.6 0.5 0.6 0.5
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 4.95   4.22   3.80   3.40   3.87   3.16   2.82   2.84  
Fees & Points 0.6   0.7   0.6   0.6   0.8   0.8   0.8   0.6  
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.

February 23, 2012 (Shirley Allen)

Thirty-year fixed rate mortgages edged up this week after a three week stay at its record low according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending February 23rd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages climbed this week with the 30-year fixed rate averaging 3.95 percent with an average of 0.8 points, up from an average of 3.87 percent over the last three weeks. A year ago, the 30-year fixed rate mortgage averaged 4.95 percent.

It was the 16th consecutive week that 30-year fixed mortgage rates have been four percent or less.

The 15-year fixed rate mortgage averaged 3.19 percent with an average of 0.8 points, up from last week’s average of 3.16 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.22 percent.

Adjustable Rate Mortgages:

Conversely, interest rates for adjustable mortgages fell this week with the 5-year Treasury-indexed hybrid ARM averaging 2.80 percent, down from last week’s average of 2.82 percent, with an average of 0.7 points. The 5-year adjustable rate mortgage averaged 3.80 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage also declined this week averaging 2.73 percent with an average of 0.6 points, down from an average of 2.84 percent a week ago. A year ago, the 1-year adjustable rate mortgage averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “New data releases this week suggest the housing market is continuing to gradually improve. Loans that were seriously delinquent (90 days or more past due plus the foreclosure inventory) fell to 5.3 percent of prime mortgages at the end of 2011, representing the lowest quarterly share since the start of 2009, according to the Mortgage Bankers Association. The Census Bureau reported new residential construction starts in January outpaced the market consensus forecast, led by condominiums and apartment buildings, and December’s figures had upward revisions. Finally, existing home sales were at the strongest pace in January since May 2010, according to the National Association of Realtors®”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.95 3.95 3.97 3.95 3.97 3.91
Fees & Points 0.8 0.8 0.8 0.8 0.9 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.19 3.20 3.19 3.19 3.24 3.14
Fees & Points 0.8 0.7 0.8 0.7 0.8 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.80 2.79 2.80 2.94 2.71 2.74
Fees & Points 0.7 0.9 0.7 0.5 0.9 0.7
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 2.73 2.80 2.61 2.90 2.64 2.64
Fees & Points 0.6 0.8 0.6 0.5 0.6 0.5
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 4.95   4.22   3.80   3.40   3.87   3.16   2.82   2.84  
Fees & Points 0.6   0.7   0.6   0.6   0.8   0.8   0.8   0.6  
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.