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Mortgage Rates Remain At Low Levels, Lenders Continue to Advertise 30 Year Home Loans Below 4.00 Percent Announces

  (November 25, 2011)

Wilmington, NC (PRWEB) November 25, 2011 reports that mortgage rates have been largely unchanged throughout the month of November with home loan pricing hovering just above the record low levels reached in early October. Mortgage lenders are responding to increased demand for US Treasury Bonds with extremely competitive mortgage pricing. On November 17th, 2011 30 year mortgage rates as low as 3.625% (Points: 1, Fees: $1995, APR: 3.789%, Lender: were posted on Advertised 15 year mortgage rates went as low as 2.875% (Points: 1.727, Fees: $1995, APR: 3.273%, Lender: Amerisave Mortgage Corporation.)

Sustained low mortgage pricing was also reported by Freddie Mac, a government sponsored enterprise that purchases residential mortgage loans in the secondary market, in its weekly Primary Mortgage Market Survey(R). In the report published Thursday, November 17th 30 year fixed rate pricing was shown to average 4.00% during the previous week (0.7 points), up just 0.01% from the report one week earlier. The average 15 year fixed mortgage rates also rose 0.01% to 3.31% (0.7 points.)

The average 5/1 ARM pricing also changed by just 0.01%, but fell that amount to 2.97% (0.6 points.)

"We continue to see a high volume of homeowners refinancing and taking advantage of these incredibly low mortgage rates," said Shaun Hamman, VP of Residential Lending at American Financial Resources, a National mortgage lender. "Lots of people are choosing to move to a 15 year loan. They're often surprised to see that their payment doesn't go up as much as they might think, and the interest savings are so substantial it can make a huge impact on their overall net worth down the road," he continued.

Below is a sampling of interest rates for a variety of loan programs listed on on 11/17/2011. Rates are subject to change. Please visit the site to view the criteria used in the survey.

30 Year Mortgage Rates (0 Points)
Loan Depot 3.875% Note Rate, 3.956% APR, $1950 Fees in APR
Atlantic Mortgage & Funding - 3.875% Note Rate, 3.875% APR, $0 Fees in APR

20 Year Mortgage Rates (0 Points)
Integrity First Financial Group - 3.875% Note Rate, 3.981% APR, $1845 Fees in APR - 3.625% Note Rate, 3.739% APR, $1995 Fees in APR

15 Year Mortgage Rates (0 Points)
National Mortgage Alliance - 3.250% Note Rate, 3.374% APR, $1700 Fees in APR
Amerisave Mortgage Corporation - 3.250% Note Rate, 3.395% APR, $1995 Fees in APR

30 Year FHA Mortgage Rates (0 Points)
Atlantic Mortgage & Funding - 3.750% Note Rate, 3.751% APR, $10 Fees in APR
New American Mortgage - 3.875% Note Rate, 3.933% APR, $1395 Fees in APR

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