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European Debt Crisis Helps Keep Mortgage Rates Low
European Debt Crisis Helps Keep Mortgage Rates Low
European Debt Crisis Helps Keep Mortgage Rates Low
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September 15, 2011 (Shirley Allen)

The concern over the European debt crisis caused investors to flee to the safety of Treasury bonds keeping yields low and sending mortgage rates to new lows according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs set new lows for another week with the 30 year FRM averaging 4.09 percent, with an average of 0.7 points, down from 4.12 percent the previous week. The 30 year FRM averaged 4.37 percent a year earlier.

The 15 year FRM averaged 3.30 percent this week with an average 0.6 points, down from 3.33 percent reported the previous week, and down from 3.82 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM averaging 2.99 percent, up from last week’s all-time low of 2.96 percent, with an average of 0.6 points. The 5 year ARM averaged 3.55 percent a year earlier.

The 1-year Treasury-indexed ARM also reached a new low, averaging 2.81 percent this week with an average of 0.6 points, down from 2.84 percent the previous week. A year ago, the 1 year ARM averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Continued investor concerns over the state of the European debt markets kept U.S. Treasury bond yields low and allowed mortgage rates to ease once more this week. In comparison, the average interest rate of mortgages outstanding in the second quarter was 5.28 percent. By refinancing into today’s 30-year fixed mortgage, homeowners could shave almost $1,715 a year in interest payments on a $200,000 loan.”

“Apart from just fixed-rate mortgages, various other interest rates are at or near all-time historical lows as well. Both the 10-year constant-maturity Treasury bond and AAA-rated seasoned corporate bond yields were at 50-year lows over the week ending September 9th. In addition, the 1-year constant-maturity bill, a popular index for ARMs, hit its nadir over the week of September 2nd since data began in 1952,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.09 4.11 4.16 4.12 4.13 4.01
Fees & Points 0.7 0.6 0.8 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.30 3.32 3.31 3.29 3.37 3.25
Fees & Points 0.6 0.7 0.8 0.4 0.7 0.6

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.99 3.03 2.95 3.13 2.96 2.90
Fees & Points 0.6 0.6 0.6 0.4 0.8 0.6
Margin 2.74 2.75 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.81 2.85 2.72 3.13 2.70 2.68
Fees & Points 0.6 0.7 0.6 0.5 0.6 0.5
Margin 2.76 2.80 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 4.37   3.82   3.55   3.40   4.12   3.33   2.96   2.84  
Fees & Points 0.7   0.6   0.6   0.7   0.7   0.6   0.6   0.6  
Margin N/A N/A 2.74   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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
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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.
Information You Can Use
Helpful Tools
Mortgage
Calculator
Estimate your monthly mortgage payment
Auto Loan
Calculator
Determine how much car you can afford before buying
Learn About
Mortgage Loans
Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison
Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates
See today's mortgage rates. Shop, compare and save.

September 15, 2011 (Shirley Allen)

The concern over the European debt crisis caused investors to flee to the safety of Treasury bonds keeping yields low and sending mortgage rates to new lows according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs set new lows for another week with the 30 year FRM averaging 4.09 percent, with an average of 0.7 points, down from 4.12 percent the previous week. The 30 year FRM averaged 4.37 percent a year earlier.

The 15 year FRM averaged 3.30 percent this week with an average 0.6 points, down from 3.33 percent reported the previous week, and down from 3.82 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM averaging 2.99 percent, up from last week’s all-time low of 2.96 percent, with an average of 0.6 points. The 5 year ARM averaged 3.55 percent a year earlier.

The 1-year Treasury-indexed ARM also reached a new low, averaging 2.81 percent this week with an average of 0.6 points, down from 2.84 percent the previous week. A year ago, the 1 year ARM averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Continued investor concerns over the state of the European debt markets kept U.S. Treasury bond yields low and allowed mortgage rates to ease once more this week. In comparison, the average interest rate of mortgages outstanding in the second quarter was 5.28 percent. By refinancing into today’s 30-year fixed mortgage, homeowners could shave almost $1,715 a year in interest payments on a $200,000 loan.”

“Apart from just fixed-rate mortgages, various other interest rates are at or near all-time historical lows as well. Both the 10-year constant-maturity Treasury bond and AAA-rated seasoned corporate bond yields were at 50-year lows over the week ending September 9th. In addition, the 1-year constant-maturity bill, a popular index for ARMs, hit its nadir over the week of September 2nd since data began in 1952,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.09 4.11 4.16 4.12 4.13 4.01
Fees & Points 0.7 0.6 0.8 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.30 3.32 3.31 3.29 3.37 3.25
Fees & Points 0.6 0.7 0.8 0.4 0.7 0.6

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.99 3.03 2.95 3.13 2.96 2.90
Fees & Points 0.6 0.6 0.6 0.4 0.8 0.6
Margin 2.74 2.75 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.81 2.85 2.72 3.13 2.70 2.68
Fees & Points 0.6 0.7 0.6 0.5 0.6 0.5
Margin 2.76 2.80 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 4.37   3.82   3.55   3.40   4.12   3.33   2.96   2.84  
Fees & Points 0.7   0.6   0.6   0.7   0.7   0.6   0.6   0.6  
Margin N/A N/A 2.74   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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use
Helpful Tools

September 15, 2011 (Shirley Allen)

The concern over the European debt crisis caused investors to flee to the safety of Treasury bonds keeping yields low and sending mortgage rates to new lows according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs set new lows for another week with the 30 year FRM averaging 4.09 percent, with an average of 0.7 points, down from 4.12 percent the previous week. The 30 year FRM averaged 4.37 percent a year earlier.

The 15 year FRM averaged 3.30 percent this week with an average 0.6 points, down from 3.33 percent reported the previous week, and down from 3.82 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM averaging 2.99 percent, up from last week’s all-time low of 2.96 percent, with an average of 0.6 points. The 5 year ARM averaged 3.55 percent a year earlier.

The 1-year Treasury-indexed ARM also reached a new low, averaging 2.81 percent this week with an average of 0.6 points, down from 2.84 percent the previous week. A year ago, the 1 year ARM averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Continued investor concerns over the state of the European debt markets kept U.S. Treasury bond yields low and allowed mortgage rates to ease once more this week. In comparison, the average interest rate of mortgages outstanding in the second quarter was 5.28 percent. By refinancing into today’s 30-year fixed mortgage, homeowners could shave almost $1,715 a year in interest payments on a $200,000 loan.”

“Apart from just fixed-rate mortgages, various other interest rates are at or near all-time historical lows as well. Both the 10-year constant-maturity Treasury bond and AAA-rated seasoned corporate bond yields were at 50-year lows over the week ending September 9th. In addition, the 1-year constant-maturity bill, a popular index for ARMs, hit its nadir over the week of September 2nd since data began in 1952,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.09 4.11 4.16 4.12 4.13 4.01
Fees & Points 0.7 0.6 0.8 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.30 3.32 3.31 3.29 3.37 3.25
Fees & Points 0.6 0.7 0.8 0.4 0.7 0.6

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.99 3.03 2.95 3.13 2.96 2.90
Fees & Points 0.6 0.6 0.6 0.4 0.8 0.6
Margin 2.74 2.75 2.75 2.72 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.81 2.85 2.72 3.13 2.70 2.68
Fees & Points 0.6 0.7 0.6 0.5 0.6 0.5
Margin 2.76 2.80 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 4.37   3.82   3.55   3.40   4.12   3.33   2.96   2.84  
Fees & Points 0.7   0.6   0.6   0.7   0.7   0.6   0.6   0.6  
Margin N/A N/A 2.74   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

HOW LOANRATENETWORK
LOAN CENTER 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 LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
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.
Information You Can Use

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