Freddie Mac's First Mortgage Rate Survey for 2012 Shows Interest Rates at Record Lows

Real Estate Agent with CENTURY 21 Bill Nye Realty, Inc.

Down Arrow - JTEToday, 1/5/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.91%, down from 3.95% last week. The average interest rate for 15 year fixed-rate mortgages was 3.23%, down from 3.24% last week. A year ago the 30 year rate was 4.77%!

At the start of the new year, reports are indicating some improvement in the housing markets and the manufacturing sectors of the USA. In November of last year pending home sales were nearly 5 times greater than had been predicted. This was the strongest report since April in 2010. Spending on "residential construction" was also up in November indicating a move in a positive direction for at least part of our economy. I am hoping that these positive trends, and perhaps some more in the weeks to come, continue well into 2012. All of us would be appreciative of that.

Do keep in mind that we are a very large country, So figures that come out for the entire nation, may have little or no relevance for your particular area. In the end, it is best if you speak with a local REALTOR or financing expert to see what the situation is for your part of the United States. Florida is not Michigan, nor is Maine the same as California. Market conditions can be very different from place-to-place. Also, your own credit history, the property you want to buy, etc. will effect your specific loan options and interest rates. Your mortgage broker or bank loan officer can give you more specific information.

If you want to learn more about Freddie Mac or see the details of their survey, go to: and click on the link for "Current Weekly Survey". They break down the survey by specific regions in the United States so you can see how your state compares to other parts of the country. They also explain the mission of Freddie Mac and offer a lot of useful information for consumers.

If you would like to speak with a lender you can find some at my website: . You can also speak with your own bank, credit union, or mortgage broker to see what your particular interest rate would be, should you decide to finance a home purchase.

I would also be happy to assist you in any way that I can. Just call JOHN ELWELL - REALTOR at CENTURY 21 Bill Nye Realty, Inc. : 813-783-4444 or e-mail me at: You are also welcome at my webpage:  Licensed in Florida.

Posted by

John Elwell - REALTOR


Bill Nye Realty, Inc.


Licensed in Florida



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