Mortgage Rates Continue Trend of Record-Breaking Lows
In Freddie Mac's results of its Primary Mortgage Market Survey®, it
showed mortgage rates easing to new all-time record lows for all
products covered in the survey helping to keep homebuyer affordability
high. The average for the 30-year fixed mortgage rate has been below
4.00 percent for six consecutive weeks.
30-year fixed-rate mortgage (FRM) averaged 3.89 percent with
an average 0.7 point for the week ending January 12, 2012, down from
last week when it averaged 3.91 percent. Last year at this time, the
30-year FRM averaged 4.71 percent.
15-year FRM this week averaged 3.16 percent with an
average 0.8 point, down from last week when it averaged 3.23 percent. A
year ago at this time, the 15-year FRM averaged 4.08 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage
(ARM) averaged 2.82 percent this week, with an average 0.7 point, down
from last week when it averaged 2.86 percent. A year ago, the 5-year ARM
averaged 3.72 percent.
1-year Treasury-indexed ARM averaged 2.76 percent this
week with an average 0.6 point, down from last week when it averaged
2.80 percent. At this time last year, the 1-year ARM averaged 3.23
percent.
According to Frank Nothaft
Published: January 13, 2012
Have a Blessed Year. We are taking back the economy one house at a time!
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