Mortgage Rates Decline Slightly This Week
Mortgage Rates Decline Slightly This Week
Mortgage Rates Decline Slightly This Week
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December 14, 2011 (Shirley Allen)

Average mortgage interest rates for both fixed rate mortgages and adjustable rate mortgages declined slightly this week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages as of December 12, 2011:

The average home loan rates offered for 30 year fixed rate mortgages decreased to 4.27 percent (4.55% APR) this week. The average home loan rate reported in the previous Mortgage Rate Pulse (MRP) on November 30th was 4.30 percent.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.75 percent (3.88% APR), which remained unchanged from the previous MRP survey.

The average home loan rates offered for 15 year fixed rate mortgages declined to 3.47 percent (3.91% APR), down from an average of 3.59 percent posted in the previous MRP.

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 2.88 percent (3.11% APR), down from 3.00 percent reported in the previous MRP survey.

Adjustable Rate Mortgages as of December 12, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages declined slightly to 3.21 percent (3.21% APR) this week. The average home loan rate offered in the previous MRP survey on November 30th was 3.24 percent.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.04% APR), which remained unchanged from the previous MRP survey.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 12/12/11

*Updated Quarterly

STATE

LOWEST  MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.75% (3.88% APR)

69.8%

33.5%

Alabama

3.75% (3.88% APR)

68.0%

29.5%

Alaska

3.75% (3.88% APR)

65.8%

19.5%

Arizona

3.75% (3.88% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.75% (3.85% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR) ­

67.3%

38.8%

District of Columbia

3.75% (3.88% APR)

58.6%

26.8%

Florida

3.63% (3.73% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.86% APR)

72.4%

32.3%

Indiana

3.75% (3.93% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.88% APR)

70.3%

32.2%

Kentucky

3.75% (3.89% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.75% (3.88% APR)

70.3%

25.9%

Massachusetts

3.75% (3.86% APR)

61.9%

47.0%

Michigan

3.75% (3.88% APR)

84.0%

33.4%

Minnesota

3.75% (3.85% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.75% (3.88% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.88% (3.99% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.75% (4.88% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.75% (3.86% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.88% APR)

69.8%

19.9%

Pennsylvania

3.75% (3.84% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.75% (3.86% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.75% (3.89% APR)

71.6%

29.9%

Texas

3.75% (3.88% APR)

68.1%

31.6%

Utah

3.75% (3.88% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.

Source:

Tags: lendingtree, mortgage rates, mortgage loans, average home rates, 30 year fixed, 15 year fixed, 5/1 arm, adjustable rate mortgage, fixed mortgage, lenders

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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.
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See today's mortgage rates. Shop, compare and save.

December 14, 2011 (Shirley Allen)

Average mortgage interest rates for both fixed rate mortgages and adjustable rate mortgages declined slightly this week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages as of December 12, 2011:

The average home loan rates offered for 30 year fixed rate mortgages decreased to 4.27 percent (4.55% APR) this week. The average home loan rate reported in the previous Mortgage Rate Pulse (MRP) on November 30th was 4.30 percent.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.75 percent (3.88% APR), which remained unchanged from the previous MRP survey.

The average home loan rates offered for 15 year fixed rate mortgages declined to 3.47 percent (3.91% APR), down from an average of 3.59 percent posted in the previous MRP.

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 2.88 percent (3.11% APR), down from 3.00 percent reported in the previous MRP survey.

Adjustable Rate Mortgages as of December 12, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages declined slightly to 3.21 percent (3.21% APR) this week. The average home loan rate offered in the previous MRP survey on November 30th was 3.24 percent.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.04% APR), which remained unchanged from the previous MRP survey.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 12/12/11

*Updated Quarterly

STATE

LOWEST  MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.75% (3.88% APR)

69.8%

33.5%

Alabama

3.75% (3.88% APR)

68.0%

29.5%

Alaska

3.75% (3.88% APR)

65.8%

19.5%

Arizona

3.75% (3.88% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.75% (3.85% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR) ­

67.3%

38.8%

District of Columbia

3.75% (3.88% APR)

58.6%

26.8%

Florida

3.63% (3.73% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.86% APR)

72.4%

32.3%

Indiana

3.75% (3.93% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.88% APR)

70.3%

32.2%

Kentucky

3.75% (3.89% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.75% (3.88% APR)

70.3%

25.9%

Massachusetts

3.75% (3.86% APR)

61.9%

47.0%

Michigan

3.75% (3.88% APR)

84.0%

33.4%

Minnesota

3.75% (3.85% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.75% (3.88% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.88% (3.99% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.75% (4.88% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.75% (3.86% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.88% APR)

69.8%

19.9%

Pennsylvania

3.75% (3.84% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.75% (3.86% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.75% (3.89% APR)

71.6%

29.9%

Texas

3.75% (3.88% APR)

68.1%

31.6%

Utah

3.75% (3.88% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.

Source:

Tags: lendingtree, mortgage rates, mortgage loans, average home rates, 30 year fixed, 15 year fixed, 5/1 arm, adjustable rate mortgage, fixed mortgage, lenders

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.
Helpful Tools

December 14, 2011 (Shirley Allen)

Average mortgage interest rates for both fixed rate mortgages and adjustable rate mortgages declined slightly this week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages as of December 12, 2011:

The average home loan rates offered for 30 year fixed rate mortgages decreased to 4.27 percent (4.55% APR) this week. The average home loan rate reported in the previous Mortgage Rate Pulse (MRP) on November 30th was 4.30 percent.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.75 percent (3.88% APR), which remained unchanged from the previous MRP survey.

The average home loan rates offered for 15 year fixed rate mortgages declined to 3.47 percent (3.91% APR), down from an average of 3.59 percent posted in the previous MRP.

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 2.88 percent (3.11% APR), down from 3.00 percent reported in the previous MRP survey.

Adjustable Rate Mortgages as of December 12, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages declined slightly to 3.21 percent (3.21% APR) this week. The average home loan rate offered in the previous MRP survey on November 30th was 3.24 percent.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.04% APR), which remained unchanged from the previous MRP survey.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 12/12/11

*Updated Quarterly

STATE

LOWEST  MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.75% (3.88% APR)

69.8%

33.5%

Alabama

3.75% (3.88% APR)

68.0%

29.5%

Alaska

3.75% (3.88% APR)

65.8%

19.5%

Arizona

3.75% (3.88% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.75% (3.85% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR) ­

67.3%

38.8%

District of Columbia

3.75% (3.88% APR)

58.6%

26.8%

Florida

3.63% (3.73% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.86% APR)

72.4%

32.3%

Indiana

3.75% (3.93% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.88% APR)

70.3%

32.2%

Kentucky

3.75% (3.89% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.75% (3.88% APR)

70.3%

25.9%

Massachusetts

3.75% (3.86% APR)

61.9%

47.0%

Michigan

3.75% (3.88% APR)

84.0%

33.4%

Minnesota

3.75% (3.85% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.75% (3.88% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.88% (3.99% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.75% (4.88% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.75% (3.86% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.88% APR)

69.8%

19.9%

Pennsylvania

3.75% (3.84% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.75% (3.86% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.75% (3.89% APR)

71.6%

29.9%

Texas

3.75% (3.88% APR)

68.1%

31.6%

Utah

3.75% (3.88% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.

Source:

Tags: lendingtree, mortgage rates, mortgage loans, average home rates, 30 year fixed, 15 year fixed, 5/1 arm, adjustable rate mortgage, fixed mortgage, lenders

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.