November 30, 2011 (Shirley Allen)
Mortgage interest rates showed little inclination to move during the shortened holiday week and remained virtually unchanged from the previous week according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.
Fixed Rate Mortgages as of November 29, 2011:
The average home loan rates offered for 30 year fixed rate mortgages remained unchanged from the previous week at 4.30 percent (4.57% APR).
The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.75 percent (3.88% APR), which remained unchanged from the week before.
The average home loan rates offered for 15 year fixed rate mortgages increased this week to 3.59 percent (4.03% APR), up slightly from an average of 3.58 percent the previous week.
The lowest mortgage rate offered for a 15 year fixed rate mortgage was 3.00 percent (3.23% APR), which was unchanged from the week before.
Adjustable Rate Mortgages as of November 29, 2011:
The average home loan rate offered for 5/1 adjustable rate mortgages declined slightly this week to 3.24 percent (3.49% APR). The average home loan rate offered last week was 3.25 percent.
The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.03% APR), which was also unchanged from the week before.
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 11/30/11 *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:
