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30 Year Fixed Mortgage Rates Hold Steady Near Record Lows According to ForTheBestRate.com(November 13, 2012)
(PRWEB) November 13, 2012
Fixed mortgage rates were largely unchanged during week as they hover near historic lows on average reports ForTheBestRate.com, a consumer focused mortgage research website. Mortgage pricing posted in the rate tables on the website reflect the continued low cost of home financing. On Friday, November 9th, 2012 30 year fixed rate pricing was advertised as low as 3.000% (APR: 3.123%, Points: 1.500, Fees in APR: $95, Lender: US Wide Financial,) and 20 year fixed mortgage rates as low as 3.125% (APR: 3.183%, Points: 0.000, Fees in APR: $850, Lender: Market Consulting Mortgage.) 5 year arm rates were posted as low as 2.375% (APR: 2.618%, Points: 0.000, Fees in APR: $895, Lender: WCS Lending.)
Mortgage pricing data released Thursday, November 8th, 2012 in the weekly mortgage rate survey from Freddie Mac, a government sponsored enterprise and purchaser of mortgage loans on the secondary market, confirmed the only slight movement of mortgage rates since the week before. 30 year fixed rates averaged 3.40% (0.7 points), up slightly from the 3.39% (0.7 points) average the week before. 15 year mortgage rates moved to 2.69% (0.7 points) on average, down from 2.70% (0.6 points.)
5 year adjustable rate mortgage pricing was down slightly as well, to 2.73% (0.6 points) on average from 2.74% (0.6) the week prior.
"It's great to see this prolonged period of extremely low mortgage rates continue," commented Nat Criss, CEO of ForTheBestRate.com. "We are hearing from home buyers that improvements in the real estate market and employment are giving them renewed confidence to move forward with a home purchase, and they able to take advantage of these historic rates," he continued.
Current mortgage rates for a number of different residential mortgage programs can be viewed on ForTheBestRate.com. Below is a snapshot of mortgage rates for a variety of products listed on the site on 11/9/2012. Nashville, TN mortgage rates represented in this sample. Rates are subject to change. Please visit the site to view the criteria used in the survey.
30 Year Mortgage Rates
LenderFi - 3.000% Note Rate, 3.194% APR, 1.250 Points, $1950 Fees in APR
AmeriSave - 3.000% Note Rate, 3.204% APR, 1.353 Points, $1995 Fees in APR
15 Year Fixed Mortgage Rates
Residential Finance Corporation - 2.750% Note Rate, 2.824% APR, 0.000 Points, $855 Fees in APR
WCS Lending - 2.750% Note Rate, 2.828% APR, 0.000 Points, $895 Fees in APR
10 Year Fixed Mortgage Rates
US Wide Financial - 2.500% Note Rate, 2.616% APR, 0.500 Points, $95 Fees in APR
Lender Fi - 2.500% Note Rate, 2.747% APR, 0.000 Points, $1950 Fees in APR
5 Year Adjustable Rate Mortgage Rates
WCS Lending - 2.375% Note Rate, 2.618% APR, 0.000 Points, $895 Fees in APR
US Wide Financial - 2.375% Note Rate, 2.620% APR, 0.500 Points, $95 Fees in APR
ForTheBestRate.com is a website that offers information regarding mortgages, insurance, and personal finance. ForTheBestRate.com is owned by CMG Equities, LLC based in Wilmington, North Carolina.
Read the full story at http://www.prweb.com/releases/30-yr-mortgage-rates/remain-near-lows/prweb10117902.htm.
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