Thirty-Year Fixed Mortgage Rates Falls Back Below Four Percent
Thirty-Year Fixed Mortgage Rates Falls Back Below Four Percent
Thirty-Year Fixed Mortgage Rates Falls Back Below Four Percent
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March 29, 2012 (Shirley Allen)

Mortgage interest rates fell across the board this week with the 30-year fixed rate mortgage falling back below the four percent barrier according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending March 29nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages fell this week with the 30-year fixed rate averaging 3.99 percent with an average of 0.7 points, down from an average of 4.08 percent last week. A year ago, the 30-year fixed rate mortgage averaged 4.86 percent.

Last week was the first time in 20 weeks that the 30-year fixed rate mortgage had gone above four percent.

The 15-year fixed rate mortgage also fell to an average of 3.23 percent with an average of 0.8 points, down from last week’s average of 3.30 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.09 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also fell this week with the 5-year Treasury-indexed hybrid ARM averaging 2.90 percent, down from last week’s average of 2.96 percent, with an average of 0.8 points. The 5-year adjustable rate mortgage averaged 3.70 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.78 percent with an average of 0.6 points, down from last week’s average of 2.84 percent. A year ago, the 1-year adjustable rate mortgage averaged 3.26 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates slid this week amid weaker housing economic indicators. The S&P/Case Shiller® 20-City Composite home price index slid in January to its lowest reading since December 2002. In addition, new home sales declined 0.5 percent in February, below the market consensus of an increase, and pending existing home sales also declined for the month.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.99 4.00 4.01 3.99 4.02 3.94
Fees & Points 0.7 0.7 0.8 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.23 3.23 3.23 3.21 3.31 3.19
Fees & Points 0.8 0.7 0.9 0.7 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.90 2.98 2.86 3.07 2.74 2.83
Fees & Points 0.8 0.7 0.8 0.6 0.9 0.8
Margin 2.74 2.73 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.78 2.82 2.61 3.08 2.68 2.66
Fees & Points 0.6 0.7 0.6 0.5 0.6 0.5
Margin 2.76 2.78 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 4.86   4.09   3.70   3.26   4.08   3.30   2.96   2.84  
Fees & Points 0.7   0.7   0.7   0.6   0.8   0.8   0.7   0.6  
Margin N/A N/A 2.74   2.76   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

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March 29, 2012 (Shirley Allen)

Mortgage interest rates fell across the board this week with the 30-year fixed rate mortgage falling back below the four percent barrier according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending March 29nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages fell this week with the 30-year fixed rate averaging 3.99 percent with an average of 0.7 points, down from an average of 4.08 percent last week. A year ago, the 30-year fixed rate mortgage averaged 4.86 percent.

Last week was the first time in 20 weeks that the 30-year fixed rate mortgage had gone above four percent.

The 15-year fixed rate mortgage also fell to an average of 3.23 percent with an average of 0.8 points, down from last week’s average of 3.30 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.09 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also fell this week with the 5-year Treasury-indexed hybrid ARM averaging 2.90 percent, down from last week’s average of 2.96 percent, with an average of 0.8 points. The 5-year adjustable rate mortgage averaged 3.70 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.78 percent with an average of 0.6 points, down from last week’s average of 2.84 percent. A year ago, the 1-year adjustable rate mortgage averaged 3.26 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates slid this week amid weaker housing economic indicators. The S&P/Case Shiller® 20-City Composite home price index slid in January to its lowest reading since December 2002. In addition, new home sales declined 0.5 percent in February, below the market consensus of an increase, and pending existing home sales also declined for the month.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.99 4.00 4.01 3.99 4.02 3.94
Fees & Points 0.7 0.7 0.8 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.23 3.23 3.23 3.21 3.31 3.19
Fees & Points 0.8 0.7 0.9 0.7 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.90 2.98 2.86 3.07 2.74 2.83
Fees & Points 0.8 0.7 0.8 0.6 0.9 0.8
Margin 2.74 2.73 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.78 2.82 2.61 3.08 2.68 2.66
Fees & Points 0.6 0.7 0.6 0.5 0.6 0.5
Margin 2.76 2.78 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 4.86   4.09   3.70   3.26   4.08   3.30   2.96   2.84  
Fees & Points 0.7   0.7   0.7   0.6   0.8   0.8   0.7   0.6  
Margin N/A N/A 2.74   2.76   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
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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.
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March 29, 2012 (Shirley Allen)

Mortgage interest rates fell across the board this week with the 30-year fixed rate mortgage falling back below the four percent barrier according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending March 29nd.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages fell this week with the 30-year fixed rate averaging 3.99 percent with an average of 0.7 points, down from an average of 4.08 percent last week. A year ago, the 30-year fixed rate mortgage averaged 4.86 percent.

Last week was the first time in 20 weeks that the 30-year fixed rate mortgage had gone above four percent.

The 15-year fixed rate mortgage also fell to an average of 3.23 percent with an average of 0.8 points, down from last week’s average of 3.30 percent. At this time last year, the 15-year fixed rate mortgage averaged 4.09 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable mortgages also fell this week with the 5-year Treasury-indexed hybrid ARM averaging 2.90 percent, down from last week’s average of 2.96 percent, with an average of 0.8 points. The 5-year adjustable rate mortgage averaged 3.70 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.78 percent with an average of 0.6 points, down from last week’s average of 2.84 percent. A year ago, the 1-year adjustable rate mortgage averaged 3.26 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Mortgage rates slid this week amid weaker housing economic indicators. The S&P/Case Shiller® 20-City Composite home price index slid in January to its lowest reading since December 2002. In addition, new home sales declined 0.5 percent in February, below the market consensus of an increase, and pending existing home sales also declined for the month.”

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.99 4.00 4.01 3.99 4.02 3.94
Fees & Points 0.7 0.7 0.8 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.23 3.23 3.23 3.21 3.31 3.19
Fees & Points 0.8 0.7 0.9 0.7 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.90 2.98 2.86 3.07 2.74 2.83
Fees & Points 0.8 0.7 0.8 0.6 0.9 0.8
Margin 2.74 2.73 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.78 2.82 2.61 3.08 2.68 2.66
Fees & Points 0.6 0.7 0.6 0.5 0.6 0.5
Margin 2.76 2.78 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 4.86   4.09   3.70   3.26   4.08   3.30   2.96   2.84  
Fees & Points 0.7   0.7   0.7   0.6   0.8   0.8   0.7   0.6  
Margin N/A N/A 2.74   2.76   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.