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Mortgage Interest Rates Show Little Movement
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Mortgage Interest Rates Show Little Movement
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Mortgage Interest Rates Show Little Movement

June 30, 2011 (Shirley Allen)

Mortgage interest rates again remained virtually unchanged from last week as mortgage interest rates continued to hover at the same level for the fourth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs again barely budged from the previous week with the 30 year FRM increasing by one basis point from last week to at an average of 4.51 percent with an average 0.7 points. Rates were down from 4.58 percent a year earlier.

The 15 year FRM averaged 3.69 this week with an average 0.7 points, unchanged from last week, and down from 4.04 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARMs moved downward in the last week as the 5-year Treasury-indexed hybrid ARM slid to 3.22 percent, which is down from 3.25 percent the previous week, with an average of 0.6 points. The 5 year ARM averaged 3.79 percent a year earlier.

The 1-year Treasury-indexed ARM decreased this week to 2.97 percent, with an average of 0.6 points, from 2.99 percent the previous week. A year ago, the 1 year ARM averaged 3.780 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Interest rates on 30-year fixed mortgages hovered around 4.5 percent for the fourth consecutive week following mixed reports on the strength of the economy. First quarter economic growth was revised up in the final estimate, but growth in consumer spending stagnated in May while April’s figure was revised downward; consumer expenditures account for roughly two-thirds of the nation’s gross domestic product.”

“Meanwhile, there were some signs of improvement in the housing market. In April, the S&P/Case-Shiller® 20-city composite home price index rose 0.7 percent, representing the first monthly increase since July 2010. However, much of the improvement reflected the seasonal increase in homebuying over the spring-summer period. Pending existing home sales rebounded in May, exhibiting the largest monthly increase since November 2010,” Nothaft added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.51 4.51 4.53 4.54 4.53 4.46
Fees & Points 0.7 0.7 0.9 0.7 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.69 3.68 3.74 3.73 3.78 3.63
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.22 3.33 3.13 3.37 3.25 3.07
Fees & Points 0.6 0.5 0.7 0.4 0.6 0.6
Margin 2.74 2.73 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.97 3.16 2.80 3.20 2.92 2.77
Fees & Points 0.6 0.6 0.5 0.3 0.8 0.5
Margin 2.76 2.79 2.75 2.72 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.58   4.04   3.79   3.80   4.50   3.69   3.25   2.99  
Fees & Points 0.7   0.7   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.75   2.75   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

June 30, 2011 (Shirley Allen)

Mortgage interest rates again remained virtually unchanged from last week as mortgage interest rates continued to hover at the same level for the fourth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs again barely budged from the previous week with the 30 year FRM increasing by one basis point from last week to at an average of 4.51 percent with an average 0.7 points. Rates were down from 4.58 percent a year earlier.

The 15 year FRM averaged 3.69 this week with an average 0.7 points, unchanged from last week, and down from 4.04 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARMs moved downward in the last week as the 5-year Treasury-indexed hybrid ARM slid to 3.22 percent, which is down from 3.25 percent the previous week, with an average of 0.6 points. The 5 year ARM averaged 3.79 percent a year earlier.

The 1-year Treasury-indexed ARM decreased this week to 2.97 percent, with an average of 0.6 points, from 2.99 percent the previous week. A year ago, the 1 year ARM averaged 3.780 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Interest rates on 30-year fixed mortgages hovered around 4.5 percent for the fourth consecutive week following mixed reports on the strength of the economy. First quarter economic growth was revised up in the final estimate, but growth in consumer spending stagnated in May while April’s figure was revised downward; consumer expenditures account for roughly two-thirds of the nation’s gross domestic product.”

“Meanwhile, there were some signs of improvement in the housing market. In April, the S&P/Case-Shiller® 20-city composite home price index rose 0.7 percent, representing the first monthly increase since July 2010. However, much of the improvement reflected the seasonal increase in homebuying over the spring-summer period. Pending existing home sales rebounded in May, exhibiting the largest monthly increase since November 2010,” Nothaft added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.51 4.51 4.53 4.54 4.53 4.46
Fees & Points 0.7 0.7 0.9 0.7 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.69 3.68 3.74 3.73 3.78 3.63
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.22 3.33 3.13 3.37 3.25 3.07
Fees & Points 0.6 0.5 0.7 0.4 0.6 0.6
Margin 2.74 2.73 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.97 3.16 2.80 3.20 2.92 2.77
Fees & Points 0.6 0.6 0.5 0.3 0.8 0.5
Margin 2.76 2.79 2.75 2.72 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.58   4.04   3.79   3.80   4.50   3.69   3.25   2.99  
Fees & Points 0.7   0.7   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.75   2.75   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

June 30, 2011 (Shirley Allen)

Mortgage interest rates again remained virtually unchanged from last week as mortgage interest rates continued to hover at the same level for the fourth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs again barely budged from the previous week with the 30 year FRM increasing by one basis point from last week to at an average of 4.51 percent with an average 0.7 points. Rates were down from 4.58 percent a year earlier.

The 15 year FRM averaged 3.69 this week with an average 0.7 points, unchanged from last week, and down from 4.04 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARMs moved downward in the last week as the 5-year Treasury-indexed hybrid ARM slid to 3.22 percent, which is down from 3.25 percent the previous week, with an average of 0.6 points. The 5 year ARM averaged 3.79 percent a year earlier.

The 1-year Treasury-indexed ARM decreased this week to 2.97 percent, with an average of 0.6 points, from 2.99 percent the previous week. A year ago, the 1 year ARM averaged 3.780 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Interest rates on 30-year fixed mortgages hovered around 4.5 percent for the fourth consecutive week following mixed reports on the strength of the economy. First quarter economic growth was revised up in the final estimate, but growth in consumer spending stagnated in May while April’s figure was revised downward; consumer expenditures account for roughly two-thirds of the nation’s gross domestic product.”

“Meanwhile, there were some signs of improvement in the housing market. In April, the S&P/Case-Shiller® 20-city composite home price index rose 0.7 percent, representing the first monthly increase since July 2010. However, much of the improvement reflected the seasonal increase in homebuying over the spring-summer period. Pending existing home sales rebounded in May, exhibiting the largest monthly increase since November 2010,” Nothaft added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.51 4.51 4.53 4.54 4.53 4.46
Fees & Points 0.7 0.7 0.9 0.7 0.7 0.7

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.69 3.68 3.74 3.73 3.78 3.63
Fees & Points 0.7 0.7 0.9 0.6 0.7 0.8

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.22 3.33 3.13 3.37 3.25 3.07
Fees & Points 0.6 0.5 0.7 0.4 0.6 0.6
Margin 2.74 2.73 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.97 3.16 2.80 3.20 2.92 2.77
Fees & Points 0.6 0.6 0.5 0.3 0.8 0.5
Margin 2.76 2.79 2.75 2.72 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.58   4.04   3.79   3.80   4.50   3.69   3.25   2.99  
Fees & Points 0.7   0.7   0.7   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.75   2.75   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

LoanRateUpdate

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