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Mortgage Rates New Record Low Attracts Attention From Consumers According To

  (February 04, 2012)

Wilmington, NC (PRWEB) February 04, 2012

Home mortgage rates have set yet another record, dropping to new lows for 30 year fixed, 15 year fixed, and 5 year ARM home loans, according to mortgage rate research website, This appears to have attracted the attention of mortgage shoppers, more so then some of the recent pricing reductions. Visits to were up more than 62% in January 2012 versus December 2011, when the price of home financing was also setting new records.

The time of year is likely playing a large role in the increased interest among consumers, rather than it being attributable simply to another incremental drop in pricing. "Around the holidays refinancing or buying a home just isn't on most people's radars" explains Nat Criss, Managing Partner of CMG Equities, LLC, which runs "Once we get into the new year we're more likely to see people thinking about taking some action, whether it's trying to cut costs with a refinance, or looking at real estate listings."

Now that home owners and potential home buyers are looking at mortgage rates they are likely to be happy with what they see. On Friday, February 3rd, 2012 pricing for a 30 year fixed rate mortgage was advertised as low as 3.500% (APR: 3.620%, Points: 1, Fees: $950, Lender: United Pacific Mortgage.) 15 year fixed rate mortgage rates as low as 3.000% (APR: 3.052%, Points: 0, Fees: $725, Lender: Atlantic Mortgage and Funding, Inc.)

Current mortgage rates are about 1.000% point lower than they were one year ago. Data released by Freddie Mac in the report of its weekly survey of mortgage rates showed that last year at this time 30 year fixed home loans had an average rate of 4.81%, while in the past week the average has been 3.87% (0.8 points.) This price represents about a $110 difference in the monthly payment on a $200,000 loan. Compare today's pricing to the average mortgage rates at this time in 2008 (5.67%) and the monthly payment difference is approximately $217.

Current mortgage rates for a number of different residential mortgage programs can be viewed on Below is a snapshot of mortgage rates for a variety of products listed on the site on 01/20/2012. Rates are subject to change. Please visit the site to view the criteria used in the survey.

30 Year Mortgage Rates (0 Points)
The Money Store - 3.750% Note Rate, 3.791% APR, $995 Fees - 3.625% Note Rate, 3.707% APR, $1995 Fees

15 Year Mortgage Rates (0 Points)
EverBank - 3.250% Note Rate, 3.312% APR, $852 Fees
Amerisave Mortgage Corporation - 3.125% Note Rate, 3.270% APR, $1995 Fees

30 Year FHA Loan Rates (0 Points)
Atlantic Mortgage & Funding - 3.625% Note Rate, 3.655% APR, $725 Fees
EverBank - 3.750% Note Rate, 3.822% APR, $1750 Fees

30 Year VA Loan Rates (0 Points)
Atlantic Mortgage & Funding - 3.750% Note Rate, 3.750% APR, $0 Fees

About is a website that offers information regarding mortgages and personal finance. is owned by CMG Equities, LLC based in Wilmington, North Carolina. For more information, visit


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