Mortgage Interest Rates Remain At Record Lows For The Week Ending January 6, 2012...
Freddie Mac reports, that for the fifth consecutive week, 30 Year Fixed Rate Mortgages have averaged below 4 percent. The slowly improving housing market and economy are helping to keep mortgage rates low across the board.
Listed below is a closer look at how interest rates are doing:
30-Year Fixed-Rate Mortgage:
The 30 Year Fixed Rate Mortgage averaged 3.91 percent last week. This time last year, the 30-Year Fixed Rate Mortgage averaged 4.77 percent.
15-Year Fixed-Rate Mortgage:
The 15-Year Fixed Rate Mortgage averaged 3.23 percent. This time last year, the 15-Year Fixed Rate Mortgage averaged 4.13 percent.
5-Year Adjustable Rate Mortgage:
The 5-Year Adjustable Rate Mortgage averaged 2.86 percent. This time last year, the 5-Year Adjustable Rate Mortgage averaged 3.75 percent.
1-Year Adjustable Rate Mortgage:
The 1-Year Adjustable Rate Mortgage averaged 2.80 percent. This time last year, the 1-Year Adjustable Rate Mortgage averaged 2.78 percent.