Incredibly Low Mortgage Rates!

By
Real Estate Agent with Broker/Owner, Keller Williams 100000008

Via Freddie Mac:

Here’s a closer look at rates for the week ending Feb. 2: 

  • 30-year fixed-rate mortgages: averaged a new record low of 3.87 percent, with an average 0.8 point, dropping from last week’s 3.98 percent average. A year ago at this time, 30-year rates averaged 4.81 percent. 
  • 15-year fixed-rate mortgages: also reached new lows this week, averaging 3.14 percent, with an average 0.8 point. Last week, 15-year rates averaged 3.24 percent and a year ago at this time 15-year rates averaged 4.08 percent. 
  • 5-year adjustable-rate mortgages: averaged 2.80 percent, with an average 0.7 point, dropping from last week’s 2.85 percent average. Last year at this time, 5-year ARMs averaged 3.69 percent. 
  • 1-year ARMs: averaged 2.76 percent this week, with an average 0.6 point, inching up slightly from last week’s 2.74 percent average. A year ago, 1-year ARMs saveraged 3.26 percent. 
Posted by

 

 

Ben Blonder

Owner/Managing Broker, Kapital Real Estate Inc

Office: 970-797-2190

Cell: 970-420-6166

ben_blonder@yahoo.com

Ben Blonder Facebook Ben Blonder WordpressBen Blonder LinkedIn 

 

 

Comments (2)

Cynthia Streza
Deer Creek Village Realty, LLC - Cedaredge, CO
Real Estate Professional

Thanks for the update!  My office is located in a golf course community which consist of mostly retirees!  My buyers are more than likely cash buyers.  I have a pretty good idea of mortgage rates, but not on a daily basis.  Thanks for the info.

Feb 04, 2012 06:13 AM
Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Ben, rates are amazing.... I shake my head in disbelief sometimes. Thanks for the update!

Feb 04, 2012 10:41 PM