Fixed Mortgage Rates Avg. 3.62% (30-Yr), 2.88% (15-Yr) for Week Ending 8/16/2012, Murrieta CA.

Need a new FHA home loan, or want to refinance for a lower mortgage payment? Freddie Mac shows home loans this week averaged 3.62% for 30 year fixed rate mortgages, while 15 year fixed rate mortgages averaged 2.88%.

Need a new FHA home loan, or want to refinance for a lower mortgage payment? Freddie Mac shows home loans this week averaged 3.62% for 30 year fixed rate mortgages, while 15 year fixed rate mortgages averaged 2.88%. 

According to Freddie Mac, the 30-year fixed rate mortgage (FRM) averaged 3.62 percent with an average 0.6 point for the week ending August 16, 2012, up from last week when it averaged 3.59 percent. Last year at this time, the 30-year FRM averaged 4.15 percent.

The 15-year fixed rate mortgage this week averaged 2.88 percent with an average 0.6 point, up from last week when it averaged 2.84 percent. A year ago at this time, the 15-year FRM averaged 3.36 percent.

In the West (CA, AZ, NV, OR, WA, UT, ID, MT, HI, AK, GU), Freddie Mac noted that the 30-year fixed rate mortgage averaged 3.59 percent with an average 0.6 point, while the 15-year fixed rate mortgage this week averaged 2.84 percent with an average 0.6 point.In the West (CA, AZ, NV, OR, WA, UT, ID, MT, HI, AK, GU), Freddie Mac noted that the 30-year fixed rate mortgage averaged 3.59 percent with an average 0.6 point, while the 15-year fixed rate mortgage this week averaged 2.84 percent with an average 0.6 point.

But what's the rate for consumers? According to Jim Starkus, Mortgage Loan Officer with US Bank, “People do not realize that they cannot get the Freddie Mac rate, and that banks have to add ‘servicing’ to the Freddie Mac rate to quote to borrowers.” Jim explained, “If you add about 0.25% to the Freddie Mac or Fannie Mae rate, it will give you the street rate,” which is the rate consumers pay.

Source: Freddie Mac, August 16, 2012, available from "Fixed Mortgage Rates Move Higher For Third Consecutive Week"; Internet; Accessed August 18, 2012.  

The information provided is deemed reliable, but is not guaranteed.

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6 Comments on Fixed Mortgage Rates Avg. 3.62% (30-Yr), 2.88% (15-Yr) on 08/16/2012

AUG
18
719,821 Points 5 Featured Posts Outside Blog Called Shot Master

More about Murrieta, CA: The City of Murrieta is a young vibrant community cradled in the junction of the 15 and 215 freeways in southwest Riverside County. Murrieta lies on the northern border of Temecula, CA, famous for its Temecula Wine Country. Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774, Cell: 951-347-3818, Email: Bill@my3BRealty.comMore about Murrieta, CA: The City of Murrieta is a young vibrant community cradled in the junction of the 15 and 215 freeways in southwest Riverside County. Murrieta lies on the northern border of Temecula, CA, famous for its Temecula Wine Country.

Follow the link to view my list of Murrieta Single Family Homes for Sale.
Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774,
Cell: 951-347-3818, Email: Bill@my3BRealty.com
8:22am • #2
719,821 Points 5 Featured Posts Outside Blog Called Shot Master

More about me: I’m Bill Burchard, a real estate broker licensed by the California Department of Real Estate (Lic: 01864774). I specialize in Murrieta homes for sale, including bank foreclosures (REO properties) and short sales. I also specialize in Greer Ranch homes for sale, the community where I live. I serve the real estate needs of both home buyers and home sellers in Greer Ranch and in Murrieta, CA.

If you want more information about buying or selling Murrieta real estate, or if you want more information about my Greer Ranch Community (including properties for sale), please contact me, Bill the Murrieta Broker, by phone or text at (951) 347-3818, or email me at Bill@my3BRealty.com.
8:22am • #3
815,477 Points Outside Blog Called Shot Master

When you think they have gone as low as they will go, they go a little lower.
9:18am • #4
719,821 Points 5 Featured Posts Outside Blog Called Shot Master

No kidding! But they have gone up over the last three weeks... if you can call a 3.62% rate "going up." :)  Thanks for stopping by, Ed & Celia!
10:49am • #5
870,787 Points Outside Blog Called Shot Master

Bill - The 30 years 3.62% and 15 years 2.88% mortgage average interest rates are historic low. Thanks for the information about low mortgage interest rates on 8/16/2012.
11:09am • #6
719,821 Points 5 Featured Posts Outside Blog Called Shot Master

You're welcome, John!
11:21am • #7


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Bill Burchard, Broker, REALTOR: Murrieta Homes For Sale, California Real Estate

Murrieta, CA

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