30 Year Mortgage Rates Matched All-Time Record Lows Last Week
2012 started out with a “Bang” for those interested in refinancing their mortgages and for home buyers looking to capitalize on historically low interest rates. Last week, Freddie Mac reported that the 30 year fixed rate mortgage average tied an all-time low coming in at 3.91% with 0.8 points. The 15 year fixed average also fell slightly moving 0.01% lower to 3.23% (.8 pts). Five year adjustable rate mortgages also remain viable options for those looking for short term financing solutions. The 5 year treasury-indexed ARM rate average was 2.86% (.7 points) last week.
Below is a snapshot of current rate and term refinance Texas mortgage interest rates taken from the mortgage rate research web site, ForTheBestRate.com (9:52 AM MST 1/9/2012). Please visit the site for the criteria used in the survey. Mortgage rates are subject to change without notice.
30 Year Mortgage Rates
Quicken Loans: 4.000% Note Rate, 1 Pt, $1553 Fees, 4.149% APR
Amerisave: 3.750% Note Rate, .837 Pts, $1995 Fees, 3.902% APR
FFSI: 3.750% Note Rate, 1 Pt, $0 Fees, 3.832% APR
20 Year Mortgage Rates
FFSI: 3.750% Note Rate, 1 Pts, $0 Fees, 3.865% APR
EverBank: 3.625% Note Rate, 0 Pts, $852 Fees, 3.674% APR
AimLoan: 3.375% Note Rate, 1 Pts, $1995 Fees, 3.603% APR
15 Year Mortgage Rates
Quicken Loans: 3.250% Note Rate, 1.25 Pt, $1553 Fees, 3.547% APR
EverBank: 3.000% Note Rate, 0 Pts, $852 Fees, 3.061% APR
FFSI: 3.000% Note Rate, 1 Pt, $0 Fees, 3.145% APR
10 Year Mortgage Rates
EverBank: 3.000% Note Rate, 0 Pt, $852 Fees, 3.089% APR
Amerisave: 2.750% Note Rate, 1 Pts Pts, $1995 Fees, 3.172% APR
FFSI: 3.000% Note Rate, 1 Pt, $0 Fees, 3.211% APR
About the Author:
Nat Criss works with ForTheBestRate.com, a resource for searching current mortgage rates in your area.
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