30 Year Fixed Mortage Rates Hit New Lows Again Last Week Ending 2/3/12

Real Estate Broker/Owner with Realty Empire Incorporated

30 Year Fixed Rates Hit New Lows Again Last Week!

Here’s the scoop on mortgage 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. 

Source: Daily Real Estate News | Friday, February 3, 2012

Posted by


Stephanie Leon

Real Estate Broker
Realty Empire

6625 Miami Lakes Dr.
Miami Lakes, FL 33014

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Comments (1)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Stephanie - Thank you for sharing detailed quality information on 30 year fixed mortgage rates hit new lows again last week ending 2/3/2012.

Feb 07, 2012 04:06 PM