Mortgage Rates Remain Below Five Percent
Mortgage Rates Remain Below Five Percent
Mortgage Rates Remain Below Five Percent
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March 10, 2011 (Chris Moore)
mortgage-steady-image
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates holding steady and below 5.0 percent. Rates across the board remained below year-over-year levels.

  • 30-year fixed-rate mortgage (FRM) averaged 4.88 percent with an average 0.7 point for the week ending March 10, 2011, up from last week when it averaged 4.87 percent. Last year at this time, the 30-year FRM averaged 4.95 percent.
  • 15-year FRM this week averaged 4.15 percent with an average 0.7 point, the same from last week when it averaged 4.15 percent. A year ago at this time, the 15-year FRM averaged 4.32 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.73 percent this week, with an average 0.6 point, up from last week when it averaged 3.72 percent. A year ago, the 5-year ARM averaged 4.05 percent.
  • 1-year Treasury-indexed ARM averaged 3.21 percent this week with an average 0.5 point, down from last week when it averaged 3.23 percent. At this time last year, the 1-year ARM averaged 4.22 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac stated, “Mortgage rates held steady amid a strong employment report. The private sector added 222,000 jobs in February, the most since March 2006 while the unemployment rate fell to 8.9 percent, the lowest share since April 2009.

And…

“Interest rates for 30-year fixed-rate mortgages have averaged at or below 5 percent in every week but one this year, contributing to record home affordability. The National Association of Realtors® Housing Affordability Index rose to an all-time record high in January, based on figures dating back to 1971. More recently, mortgage applications jumped almost 16 percent over the week ended March 4, 2011 representing the largest percent increase since the week of June 11, 2009.”

30-Year Fixed Rate Mortgages
  US NE SE NC SW W
Average 4.88 4.90 4.85 4.93 4.91 4.83
Fees & Points 0.7 0.8 0.9 0.6 0.6 0.7

 

15-Year Fixed Rate Mortgages
  US NE SE NC SW W
Average 4.15 4.17 4.14 4.17 4.25 4.10
Fees & Points 0.7 0.7 0.9 0.5 0.6 0.7

 

5/1-Year Adjustable Rate Mortgages
  US NE SE NC SW W
Average 3.73 3.92 3.59 3.68 3.76 3.63
Fees & Points 0.6 0.6 0.8 0.4 0.5 0.7
Margin 2.74 2.76 2.75 2.72 2.77 2.73
 

1-Year Adjustable Rate Mortgages
  US NE SE NC SW W
Average 3.21 3.33 3.05 3.38 3.23 3.06
Fees & Points 0.5 0.5 0.7 0.3 0.8 0.5
Margin 2.76 2.79 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   4.32   4.05   4.22   4.87   4.15   3.72   3.23  
Fees & Points 0.7   0.7   0.6   0.6   0.7   0.7   0.6   0.6  
Margin N/A N/A 2.74   2.75   N/A N/A 2.74   2.76  

 
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.
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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 10, 2011 (Chris Moore)
mortgage-steady-image
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates holding steady and below 5.0 percent. Rates across the board remained below year-over-year levels.

  • 30-year fixed-rate mortgage (FRM) averaged 4.88 percent with an average 0.7 point for the week ending March 10, 2011, up from last week when it averaged 4.87 percent. Last year at this time, the 30-year FRM averaged 4.95 percent.
  • 15-year FRM this week averaged 4.15 percent with an average 0.7 point, the same from last week when it averaged 4.15 percent. A year ago at this time, the 15-year FRM averaged 4.32 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.73 percent this week, with an average 0.6 point, up from last week when it averaged 3.72 percent. A year ago, the 5-year ARM averaged 4.05 percent.
  • 1-year Treasury-indexed ARM averaged 3.21 percent this week with an average 0.5 point, down from last week when it averaged 3.23 percent. At this time last year, the 1-year ARM averaged 4.22 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac stated, “Mortgage rates held steady amid a strong employment report. The private sector added 222,000 jobs in February, the most since March 2006 while the unemployment rate fell to 8.9 percent, the lowest share since April 2009.

And…

“Interest rates for 30-year fixed-rate mortgages have averaged at or below 5 percent in every week but one this year, contributing to record home affordability. The National Association of Realtors® Housing Affordability Index rose to an all-time record high in January, based on figures dating back to 1971. More recently, mortgage applications jumped almost 16 percent over the week ended March 4, 2011 representing the largest percent increase since the week of June 11, 2009.”

30-Year Fixed Rate Mortgages
  US NE SE NC SW W
Average 4.88 4.90 4.85 4.93 4.91 4.83
Fees & Points 0.7 0.8 0.9 0.6 0.6 0.7

 

15-Year Fixed Rate Mortgages
  US NE SE NC SW W
Average 4.15 4.17 4.14 4.17 4.25 4.10
Fees & Points 0.7 0.7 0.9 0.5 0.6 0.7

 

5/1-Year Adjustable Rate Mortgages
  US NE SE NC SW W
Average 3.73 3.92 3.59 3.68 3.76 3.63
Fees & Points 0.6 0.6 0.8 0.4 0.5 0.7
Margin 2.74 2.76 2.75 2.72 2.77 2.73
 

1-Year Adjustable Rate Mortgages
  US NE SE NC SW W
Average 3.21 3.33 3.05 3.38 3.23 3.06
Fees & Points 0.5 0.5 0.7 0.3 0.8 0.5
Margin 2.76 2.79 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   4.32   4.05   4.22   4.87   4.15   3.72   3.23  
Fees & Points 0.7   0.7   0.6   0.6   0.7   0.7   0.6   0.6  
Margin N/A N/A 2.74   2.75   N/A N/A 2.74   2.76  

 
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 10, 2011 (Chris Moore)
mortgage-steady-image
Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates holding steady and below 5.0 percent. Rates across the board remained below year-over-year levels.

  • 30-year fixed-rate mortgage (FRM) averaged 4.88 percent with an average 0.7 point for the week ending March 10, 2011, up from last week when it averaged 4.87 percent. Last year at this time, the 30-year FRM averaged 4.95 percent.
  • 15-year FRM this week averaged 4.15 percent with an average 0.7 point, the same from last week when it averaged 4.15 percent. A year ago at this time, the 15-year FRM averaged 4.32 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.73 percent this week, with an average 0.6 point, up from last week when it averaged 3.72 percent. A year ago, the 5-year ARM averaged 4.05 percent.
  • 1-year Treasury-indexed ARM averaged 3.21 percent this week with an average 0.5 point, down from last week when it averaged 3.23 percent. At this time last year, the 1-year ARM averaged 4.22 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac stated, “Mortgage rates held steady amid a strong employment report. The private sector added 222,000 jobs in February, the most since March 2006 while the unemployment rate fell to 8.9 percent, the lowest share since April 2009.

And…

“Interest rates for 30-year fixed-rate mortgages have averaged at or below 5 percent in every week but one this year, contributing to record home affordability. The National Association of Realtors® Housing Affordability Index rose to an all-time record high in January, based on figures dating back to 1971. More recently, mortgage applications jumped almost 16 percent over the week ended March 4, 2011 representing the largest percent increase since the week of June 11, 2009.”

30-Year Fixed Rate Mortgages
  US NE SE NC SW W
Average 4.88 4.90 4.85 4.93 4.91 4.83
Fees & Points 0.7 0.8 0.9 0.6 0.6 0.7

 

15-Year Fixed Rate Mortgages
  US NE SE NC SW W
Average 4.15 4.17 4.14 4.17 4.25 4.10
Fees & Points 0.7 0.7 0.9 0.5 0.6 0.7

 

5/1-Year Adjustable Rate Mortgages
  US NE SE NC SW W
Average 3.73 3.92 3.59 3.68 3.76 3.63
Fees & Points 0.6 0.6 0.8 0.4 0.5 0.7
Margin 2.74 2.76 2.75 2.72 2.77 2.73
 

1-Year Adjustable Rate Mortgages
  US NE SE NC SW W
Average 3.21 3.33 3.05 3.38 3.23 3.06
Fees & Points 0.5 0.5 0.7 0.3 0.8 0.5
Margin 2.76 2.79 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   4.32   4.05   4.22   4.87   4.15   3.72   3.23  
Fees & Points 0.7   0.7   0.6   0.6   0.7   0.7   0.6   0.6  
Margin N/A N/A 2.74   2.75   N/A N/A 2.74   2.76  

 
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.