Mortgage Rates Edge Slightly Higher
Mortgage Rates Edge Slightly Higher
Mortgage Rates Edge Slightly Higher
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March 17, 2011 (Chris Moore)
mortgage-up-image
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows rates edging slightly higher from the previous week influenced by inflationary and ongoing geopolitical concerns. Rates still at historically low levels.

  • 30-year fixed-rate mortgage (FRM) averaged 4.81 percent with an average 0.7 point for the week ending March 24, 2011, up from last week when it averaged 4.76 percent. Last year at this time, the 30-year FRM averaged 4.99 percent.  
  • 15-year FRM this week averaged 4.04 percent with an average 0.7 point, up from last week when it averaged 3.97 percent. A year ago at this time, the 15-year FRM averaged 4.34 percent.  
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.62 percent this week, with an average 0.6 point, up from last week when it averaged 3.57 percent. A year ago, the 5-year ARM averaged 4.14 percent.
  • 1-year Treasury-indexed ARM averaged 3.21 percent this week with an average 0.6 point, up from last week when it averaged 3.17 percent. At this time last year, the 1-year ARM averaged 4.2 percent.  

Frank Nothaft, vice president and chief economist, Freddie Mac, stated, “Mortgage rates were up this week compared to last, but still remain at relatively low levels. The rate uptick was related to higher than anticipated inflation data for February and ongoing geopolitical concerns. The 12-month growth rate in the consumer price index rose 2.1 percent in February, compared to 1.6 percent in January; however, most of the increase was due to food and energy prices, which tend to be volatile. The core index rose 1.1 percent, slightly up from 1.0 percent in January.”

And…
 

“The housing market recovery experienced a setback during the start of this year. Existing home sales fell 9.6 percent from January to February and were down 2.8 percent from February 2010.  Sales of new homes declined for the second consecutive month in February to record lows dating back to 1963. Even new construction on one-family homes fell 11.8 percent in February to the third slowest pace since 1959.”

  30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.81 % 4.04 % 3.62 % 3.21 %
Fees & Points 0.7 0.7 0.6 0.6
Margin N/A N/A 2.74 2.76

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.81 4.82 4.81 4.86 4.86 4.77
Fees & Points 0.7 0.7 0.8 0.6 0.6 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.04 4.04 4.07 4.04 4.15 3.98
Fees & Points 0.7 0.7 0.8 0.5 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.62 3.80 3.45 3.59 3.69 3.51
Fees & Points 0.6 0.6 0.7 0.4 0.6 0.8
Margin 2.74 2.74 2.75 2.71 2.77 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.21 3.28 3.02 3.58 3.23 3.02
Fees & Points 0.6 0.6 0.7 0.3 0.8 0.7
Margin 2.76 2.80 2.75 2.72 2.77 2.75

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

FILL OUT THE FORM
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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.
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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
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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
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.

March 17, 2011 (Chris Moore)
mortgage-up-image
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows rates edging slightly higher from the previous week influenced by inflationary and ongoing geopolitical concerns. Rates still at historically low levels.

  • 30-year fixed-rate mortgage (FRM) averaged 4.81 percent with an average 0.7 point for the week ending March 24, 2011, up from last week when it averaged 4.76 percent. Last year at this time, the 30-year FRM averaged 4.99 percent.  
  • 15-year FRM this week averaged 4.04 percent with an average 0.7 point, up from last week when it averaged 3.97 percent. A year ago at this time, the 15-year FRM averaged 4.34 percent.  
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.62 percent this week, with an average 0.6 point, up from last week when it averaged 3.57 percent. A year ago, the 5-year ARM averaged 4.14 percent.
  • 1-year Treasury-indexed ARM averaged 3.21 percent this week with an average 0.6 point, up from last week when it averaged 3.17 percent. At this time last year, the 1-year ARM averaged 4.2 percent.  

Frank Nothaft, vice president and chief economist, Freddie Mac, stated, “Mortgage rates were up this week compared to last, but still remain at relatively low levels. The rate uptick was related to higher than anticipated inflation data for February and ongoing geopolitical concerns. The 12-month growth rate in the consumer price index rose 2.1 percent in February, compared to 1.6 percent in January; however, most of the increase was due to food and energy prices, which tend to be volatile. The core index rose 1.1 percent, slightly up from 1.0 percent in January.”

And…
 

“The housing market recovery experienced a setback during the start of this year. Existing home sales fell 9.6 percent from January to February and were down 2.8 percent from February 2010.  Sales of new homes declined for the second consecutive month in February to record lows dating back to 1963. Even new construction on one-family homes fell 11.8 percent in February to the third slowest pace since 1959.”

  30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.81 % 4.04 % 3.62 % 3.21 %
Fees & Points 0.7 0.7 0.6 0.6
Margin N/A N/A 2.74 2.76

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.81 4.82 4.81 4.86 4.86 4.77
Fees & Points 0.7 0.7 0.8 0.6 0.6 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.04 4.04 4.07 4.04 4.15 3.98
Fees & Points 0.7 0.7 0.8 0.5 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.62 3.80 3.45 3.59 3.69 3.51
Fees & Points 0.6 0.6 0.7 0.4 0.6 0.8
Margin 2.74 2.74 2.75 2.71 2.77 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.21 3.28 3.02 3.58 3.23 3.02
Fees & Points 0.6 0.6 0.7 0.3 0.8 0.7
Margin 2.76 2.80 2.75 2.72 2.77 2.75

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

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

March 17, 2011 (Chris Moore)
mortgage-up-image
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows rates edging slightly higher from the previous week influenced by inflationary and ongoing geopolitical concerns. Rates still at historically low levels.

  • 30-year fixed-rate mortgage (FRM) averaged 4.81 percent with an average 0.7 point for the week ending March 24, 2011, up from last week when it averaged 4.76 percent. Last year at this time, the 30-year FRM averaged 4.99 percent.  
  • 15-year FRM this week averaged 4.04 percent with an average 0.7 point, up from last week when it averaged 3.97 percent. A year ago at this time, the 15-year FRM averaged 4.34 percent.  
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.62 percent this week, with an average 0.6 point, up from last week when it averaged 3.57 percent. A year ago, the 5-year ARM averaged 4.14 percent.
  • 1-year Treasury-indexed ARM averaged 3.21 percent this week with an average 0.6 point, up from last week when it averaged 3.17 percent. At this time last year, the 1-year ARM averaged 4.2 percent.  

Frank Nothaft, vice president and chief economist, Freddie Mac, stated, “Mortgage rates were up this week compared to last, but still remain at relatively low levels. The rate uptick was related to higher than anticipated inflation data for February and ongoing geopolitical concerns. The 12-month growth rate in the consumer price index rose 2.1 percent in February, compared to 1.6 percent in January; however, most of the increase was due to food and energy prices, which tend to be volatile. The core index rose 1.1 percent, slightly up from 1.0 percent in January.”

And…
 

“The housing market recovery experienced a setback during the start of this year. Existing home sales fell 9.6 percent from January to February and were down 2.8 percent from February 2010.  Sales of new homes declined for the second consecutive month in February to record lows dating back to 1963. Even new construction on one-family homes fell 11.8 percent in February to the third slowest pace since 1959.”

  30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.81 % 4.04 % 3.62 % 3.21 %
Fees & Points 0.7 0.7 0.6 0.6
Margin N/A N/A 2.74 2.76

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.81 4.82 4.81 4.86 4.86 4.77
Fees & Points 0.7 0.7 0.8 0.6 0.6 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.04 4.04 4.07 4.04 4.15 3.98
Fees & Points 0.7 0.7 0.8 0.5 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.62 3.80 3.45 3.59 3.69 3.51
Fees & Points 0.6 0.6 0.7 0.4 0.6 0.8
Margin 2.74 2.74 2.75 2.71 2.77 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.21 3.28 3.02 3.58 3.23 3.02
Fees & Points 0.6 0.6 0.7 0.3 0.8 0.7
Margin 2.76 2.80 2.75 2.72 2.77 2.75

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates

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.