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FHFA Mortgage Rates Rise Again in February
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You're Now Reading:
FHFA Mortgage Rates Rise Again in February
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
FHFA Mortgage Rates Rise Again in February
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The average interest rates for conventional 30-year fixed rate single-family, fully amortized, purchase-money mortgages climbed from 3.53 percent in January to 3.62 percent in February according to the Federal Housing Finance Agency’s (FHFA) Monthly Interest Rate Survey.

The results of the survey reflect loans closed during the February 22-28 period from 25 lenders and data from 5,215 mortgage loans. Since mortgage loans typically take 30-45 to close, the reported rates reflect market conditions in mid to late January.

The average interest rate of all mortgage loans, fixed and adjustable-rate, was 3.42 percent in February, up from 3.34 percent in January.

The effective mortgage interest rate, including initial fees and charges, increased to 3.55 percent from 3.46 percent in January.

Twenty-six percent of all purchase-money mortgage loans were no-point loans, unchanged from January, while initial fees and charges averaged 0.99 percent of the loan balance in February, up from 0.95 percent in January.

The average loan amount was $258,700 in February, up from $254,700 in January, with the average loan-to-price ratio increasing from 76.4 percent in January to 77.2 percent in February.

The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Home by Combined Lenders, used to index some ARM contracts, increased to 3.43 percent from 3.35 percent in January.

Tags: FHFA, mortgage interest rates, purchase money mortgages, initial fees and charges, points, mortgage loan, ARM, no-points mortgage

Source:
FHFA

Reported by Jeff Alan

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Mortgage
Rates

The average interest rates for conventional 30-year fixed rate single-family, fully amortized, purchase-money mortgages climbed from 3.53 percent in January to 3.62 percent in February according to the Federal Housing Finance Agency’s (FHFA) Monthly Interest Rate Survey.

The results of the survey reflect loans closed during the February 22-28 period from 25 lenders and data from 5,215 mortgage loans. Since mortgage loans typically take 30-45 to close, the reported rates reflect market conditions in mid to late January.

The average interest rate of all mortgage loans, fixed and adjustable-rate, was 3.42 percent in February, up from 3.34 percent in January.

The effective mortgage interest rate, including initial fees and charges, increased to 3.55 percent from 3.46 percent in January.

Twenty-six percent of all purchase-money mortgage loans were no-point loans, unchanged from January, while initial fees and charges averaged 0.99 percent of the loan balance in February, up from 0.95 percent in January.

The average loan amount was $258,700 in February, up from $254,700 in January, with the average loan-to-price ratio increasing from 76.4 percent in January to 77.2 percent in February.

The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Home by Combined Lenders, used to index some ARM contracts, increased to 3.43 percent from 3.35 percent in January.

Tags: FHFA, mortgage interest rates, purchase money mortgages, initial fees and charges, points, mortgage loan, ARM, no-points mortgage

Source:
FHFA

Reported by Jeff Alan

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
LOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at LoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

The average interest rates for conventional 30-year fixed rate single-family, fully amortized, purchase-money mortgages climbed from 3.53 percent in January to 3.62 percent in February according to the Federal Housing Finance Agency’s (FHFA) Monthly Interest Rate Survey.

The results of the survey reflect loans closed during the February 22-28 period from 25 lenders and data from 5,215 mortgage loans. Since mortgage loans typically take 30-45 to close, the reported rates reflect market conditions in mid to late January.

The average interest rate of all mortgage loans, fixed and adjustable-rate, was 3.42 percent in February, up from 3.34 percent in January.

The effective mortgage interest rate, including initial fees and charges, increased to 3.55 percent from 3.46 percent in January.

Twenty-six percent of all purchase-money mortgage loans were no-point loans, unchanged from January, while initial fees and charges averaged 0.99 percent of the loan balance in February, up from 0.95 percent in January.

The average loan amount was $258,700 in February, up from $254,700 in January, with the average loan-to-price ratio increasing from 76.4 percent in January to 77.2 percent in February.

The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Home by Combined Lenders, used to index some ARM contracts, increased to 3.43 percent from 3.35 percent in January.

Tags: FHFA, mortgage interest rates, purchase money mortgages, initial fees and charges, points, mortgage loan, ARM, no-points mortgage

Source:
FHFA

Reported by Jeff Alan

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
LOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.