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You're Now Reading:
Mortgage Interest Rates Unfazed by Debt Crisis
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:
Mortgage Interest Rates Unfazed by Debt Crisis
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Mortgage Rates
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About Mortgages
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Mortgage Rates

August 11, 2011 (Shirley Allen)

Long term mortgage rates were unfazed by the debt crisis negotiations and and subsequent U.S. credit downgrade with interest rates continuing to fall to the year’s lowest levels according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages (FRM) as of August 9, 2011:

The average home loan rates offered by network lenders for 30 year FRMs was 4.49 percent (4.72% APR), which is down from 4.56 percent reported the previous week.

The lowest mortgage rate offered for a 30 year FRM was 4.125 percent (4.26% APR), which is down from 4.25 percent offered last week

The average home loan rates offered by network lenders for 15 year FRMs was 3.72 percent (3.49% APR), a drop from 3.80 percent reported the previous week

The lowest mortgage rate offered for a 15 year FRM was 3.25 percent (3.49% APR), which was the same rate offered last week

Adjustable Rate Mortgages (ARM) as of August 9, 2011:

The average home loan rate offered by network lenders for 5/1 adjustable rate mortgages (ARM) was 3.40 percent (3.49% APR), which was up from 3.31 percent reported last week.

The lowest mortgage rate offered for a 5/1 ARM was 2.625 percent, which is down from 2.75 percent offered the week before

“The aftermath of the US credit downgrade has created a short term window for consumers to lock in long-term, historic low interest rates,” said Doug Lebda, Chairman and CEO of LendingTree. “Average 30-year fixed rates today are within a hair of all-time lows. Refinancing a mortgage with these rates could put major cash back in consumers’ pockets. LendingTree customers save an average of $353 per month, or $4,200 annually.”

The LendingTree Weekly Mortgage Rate Pulse is a snapshot of the lowest and average home loan rates available within the LendingTree network of lenders and is compiled every Wednesday from data that is gathered from the previous day to reflect the most up to date information on current mortgage rates.

Why do we use LendingTree’s Weekly Mortgage Rate Pulse? LendingTree is one the largest providers of mortgages on the internet who utilizes a large network of lenders that provide a more realistic snapshot of current market rates.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 8/9/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

4.13% (4.26% APR)

69.7%

33.1%

Alabama

4.13% (4.26% APR)

67.4%

27.9%

Alaska

4.38% (4.51% APR)

65.9%

17.6%

Arizona

4.00% (4.12% APR)

93.6%

38.9%

Arkansas

4.00% (4.12% APR)

72.2%

41.7%

California

4.00% (4.10% APR)

70.1%

34.6%

Colorado

4.13% (4.30% APR)

71.8%

21.9%

Connecticut

4.00% (4.12% APR)

59.5%

43.9%

Delaware

4.00% (4.10% APR)

66.4%

37.9%

District of Columbia

4.00% (4.23% APR)

58.7%

26.1%

Florida

4.00% (4.10% APR)

88.8%

39.1%

Georgia

4.13% (4.25% APR)

80.8%

25.7%

Hawaii

4.13% (4.25% APR)

54.0%

26.3%

Idaho

4.13% (4.26% APR)

72.6%

29.5%

Illinois

4.13% (4.25% APR)

72.2%

31.7%

Indiana

4.13% (4.25% APR)

69.3%

27.8%

Iowa

4.38% (4.51% APR)

66.9%

42.1%

Kansas

4.38% (4.51% APR)

70.2%

30.9%

Kentucky

4.13% (4.25% APR)

67.7%

51.9%

Louisiana

4.38% (4.51% APR)

74.7%

79.6%

Maine

4.00% (4.12% APR)

58.4%

29.7%

Maryland

4.00% (4.13% APR)

70.1%

25.5%

Massachusetts

4.13% (4.24% APR)

60.9%

45.4%

Michigan

4.00% (4.12% APR)

84.2%

32.6%

Minnesota

4.00% (4.12% APR)

66.2%

21.8%

Mississippi

4.38% (4.51% APR)

78.5%

29.5%

Missouri

4.00% (4.12% APR)

71.7%

31.0%

Montana

4.38% (4.51% APR)

60.5%

32.5%

Nebraska

4.38% (4.51% APR)

72.7%

44.1%

Nevada

4.25% (4.40% APR)

114.7%

54.0%

New Hampshire

4.13% (4.24% APR)

70.7%

25.4%

New Jersey

4.00% (4.12% APR)

62.3%

29.3%

New Mexico

4.13% (4.28% APR)

67.3%

41.3%

New York

4.00% (4.10% APR)

48.4%

35.1%

North Carolina

4.13% (4.26% APR)

71.1%

32.0%

North Dakota

4.38% (4.51% APR)

60.6%

35.3%

Ohio

4.13% (4.24% APR)

75.4%

27.0%

Oklahoma

4.00% (4.12% APR)

75.5%

53.5%

Oregon

4.13% (4.28% APR)

69.7%

19.5%

Pennsylvania

4.00% (4.12% APR)

60.6%

42.3%

Rhode Island

4.38% (4.51% APR)

62.8%

36.8%

South Carolina

4.00% (4.13% APR)

70.9%

28.1%

South Dakota

4.00% (4.12% APR)

N/A

N/A

Tennessee

4.00% (4.12% APR)

71.3%

29.5%

Texas

4.00% (4.13% APR)

68.4%

30.5%

Utah

4.13% (4.36% APR)

73.3%

22.3%

Vermont

4.38% (4.51% APR)

N/A

N/A

Virginia

4.00% (4.23% APR)

70.8%

24.6%

Washington

4.13% (4.25% APR)

68.0%

21.3%

West Virginia

4.38% (4.51% APR)

66.5%

57.6%

Wisconsin

4.38% (4.51% APR)

68.5%

34.4%

Wyoming

4.13% (4.24% APR)

63.5%

22.7%

Home loan rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower’s loan details and credit profile.

More information is available here:

Tags: lendingtree, mortgage rates, mortgage loans, average home rates, 30 year fixed, 15 year fixed, 5/1 arm, adjustable rate mortgage, fixed mortgage, lenders

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.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

August 11, 2011 (Shirley Allen)

Long term mortgage rates were unfazed by the debt crisis negotiations and and subsequent U.S. credit downgrade with interest rates continuing to fall to the year’s lowest levels according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages (FRM) as of August 9, 2011:

The average home loan rates offered by network lenders for 30 year FRMs was 4.49 percent (4.72% APR), which is down from 4.56 percent reported the previous week.

The lowest mortgage rate offered for a 30 year FRM was 4.125 percent (4.26% APR), which is down from 4.25 percent offered last week

The average home loan rates offered by network lenders for 15 year FRMs was 3.72 percent (3.49% APR), a drop from 3.80 percent reported the previous week

The lowest mortgage rate offered for a 15 year FRM was 3.25 percent (3.49% APR), which was the same rate offered last week

Adjustable Rate Mortgages (ARM) as of August 9, 2011:

The average home loan rate offered by network lenders for 5/1 adjustable rate mortgages (ARM) was 3.40 percent (3.49% APR), which was up from 3.31 percent reported last week.

The lowest mortgage rate offered for a 5/1 ARM was 2.625 percent, which is down from 2.75 percent offered the week before

“The aftermath of the US credit downgrade has created a short term window for consumers to lock in long-term, historic low interest rates,” said Doug Lebda, Chairman and CEO of LendingTree. “Average 30-year fixed rates today are within a hair of all-time lows. Refinancing a mortgage with these rates could put major cash back in consumers’ pockets. LendingTree customers save an average of $353 per month, or $4,200 annually.”

The LendingTree Weekly Mortgage Rate Pulse is a snapshot of the lowest and average home loan rates available within the LendingTree network of lenders and is compiled every Wednesday from data that is gathered from the previous day to reflect the most up to date information on current mortgage rates.

Why do we use LendingTree’s Weekly Mortgage Rate Pulse? LendingTree is one the largest providers of mortgages on the internet who utilizes a large network of lenders that provide a more realistic snapshot of current market rates.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 8/9/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

4.13% (4.26% APR)

69.7%

33.1%

Alabama

4.13% (4.26% APR)

67.4%

27.9%

Alaska

4.38% (4.51% APR)

65.9%

17.6%

Arizona

4.00% (4.12% APR)

93.6%

38.9%

Arkansas

4.00% (4.12% APR)

72.2%

41.7%

California

4.00% (4.10% APR)

70.1%

34.6%

Colorado

4.13% (4.30% APR)

71.8%

21.9%

Connecticut

4.00% (4.12% APR)

59.5%

43.9%

Delaware

4.00% (4.10% APR)

66.4%

37.9%

District of Columbia

4.00% (4.23% APR)

58.7%

26.1%

Florida

4.00% (4.10% APR)

88.8%

39.1%

Georgia

4.13% (4.25% APR)

80.8%

25.7%

Hawaii

4.13% (4.25% APR)

54.0%

26.3%

Idaho

4.13% (4.26% APR)

72.6%

29.5%

Illinois

4.13% (4.25% APR)

72.2%

31.7%

Indiana

4.13% (4.25% APR)

69.3%

27.8%

Iowa

4.38% (4.51% APR)

66.9%

42.1%

Kansas

4.38% (4.51% APR)

70.2%

30.9%

Kentucky

4.13% (4.25% APR)

67.7%

51.9%

Louisiana

4.38% (4.51% APR)

74.7%

79.6%

Maine

4.00% (4.12% APR)

58.4%

29.7%

Maryland

4.00% (4.13% APR)

70.1%

25.5%

Massachusetts

4.13% (4.24% APR)

60.9%

45.4%

Michigan

4.00% (4.12% APR)

84.2%

32.6%

Minnesota

4.00% (4.12% APR)

66.2%

21.8%

Mississippi

4.38% (4.51% APR)

78.5%

29.5%

Missouri

4.00% (4.12% APR)

71.7%

31.0%

Montana

4.38% (4.51% APR)

60.5%

32.5%

Nebraska

4.38% (4.51% APR)

72.7%

44.1%

Nevada

4.25% (4.40% APR)

114.7%

54.0%

New Hampshire

4.13% (4.24% APR)

70.7%

25.4%

New Jersey

4.00% (4.12% APR)

62.3%

29.3%

New Mexico

4.13% (4.28% APR)

67.3%

41.3%

New York

4.00% (4.10% APR)

48.4%

35.1%

North Carolina

4.13% (4.26% APR)

71.1%

32.0%

North Dakota

4.38% (4.51% APR)

60.6%

35.3%

Ohio

4.13% (4.24% APR)

75.4%

27.0%

Oklahoma

4.00% (4.12% APR)

75.5%

53.5%

Oregon

4.13% (4.28% APR)

69.7%

19.5%

Pennsylvania

4.00% (4.12% APR)

60.6%

42.3%

Rhode Island

4.38% (4.51% APR)

62.8%

36.8%

South Carolina

4.00% (4.13% APR)

70.9%

28.1%

South Dakota

4.00% (4.12% APR)

N/A

N/A

Tennessee

4.00% (4.12% APR)

71.3%

29.5%

Texas

4.00% (4.13% APR)

68.4%

30.5%

Utah

4.13% (4.36% APR)

73.3%

22.3%

Vermont

4.38% (4.51% APR)

N/A

N/A

Virginia

4.00% (4.23% APR)

70.8%

24.6%

Washington

4.13% (4.25% APR)

68.0%

21.3%

West Virginia

4.38% (4.51% APR)

66.5%

57.6%

Wisconsin

4.38% (4.51% APR)

68.5%

34.4%

Wyoming

4.13% (4.24% APR)

63.5%

22.7%

Home loan rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower’s loan details and credit profile.

More information is available here:

Tags: lendingtree, mortgage rates, mortgage loans, average home rates, 30 year fixed, 15 year fixed, 5/1 arm, adjustable rate mortgage, fixed mortgage, lenders

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.

August 11, 2011 (Shirley Allen)

Long term mortgage rates were unfazed by the debt crisis negotiations and and subsequent U.S. credit downgrade with interest rates continuing to fall to the year’s lowest levels according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages (FRM) as of August 9, 2011:

The average home loan rates offered by network lenders for 30 year FRMs was 4.49 percent (4.72% APR), which is down from 4.56 percent reported the previous week.

The lowest mortgage rate offered for a 30 year FRM was 4.125 percent (4.26% APR), which is down from 4.25 percent offered last week

The average home loan rates offered by network lenders for 15 year FRMs was 3.72 percent (3.49% APR), a drop from 3.80 percent reported the previous week

The lowest mortgage rate offered for a 15 year FRM was 3.25 percent (3.49% APR), which was the same rate offered last week

Adjustable Rate Mortgages (ARM) as of August 9, 2011:

The average home loan rate offered by network lenders for 5/1 adjustable rate mortgages (ARM) was 3.40 percent (3.49% APR), which was up from 3.31 percent reported last week.

The lowest mortgage rate offered for a 5/1 ARM was 2.625 percent, which is down from 2.75 percent offered the week before

“The aftermath of the US credit downgrade has created a short term window for consumers to lock in long-term, historic low interest rates,” said Doug Lebda, Chairman and CEO of LendingTree. “Average 30-year fixed rates today are within a hair of all-time lows. Refinancing a mortgage with these rates could put major cash back in consumers’ pockets. LendingTree customers save an average of $353 per month, or $4,200 annually.”

The LendingTree Weekly Mortgage Rate Pulse is a snapshot of the lowest and average home loan rates available within the LendingTree network of lenders and is compiled every Wednesday from data that is gathered from the previous day to reflect the most up to date information on current mortgage rates.

Why do we use LendingTree’s Weekly Mortgage Rate Pulse? LendingTree is one the largest providers of mortgages on the internet who utilizes a large network of lenders that provide a more realistic snapshot of current market rates.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 8/9/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

4.13% (4.26% APR)

69.7%

33.1%

Alabama

4.13% (4.26% APR)

67.4%

27.9%

Alaska

4.38% (4.51% APR)

65.9%

17.6%

Arizona

4.00% (4.12% APR)

93.6%

38.9%

Arkansas

4.00% (4.12% APR)

72.2%

41.7%

California

4.00% (4.10% APR)

70.1%

34.6%

Colorado

4.13% (4.30% APR)

71.8%

21.9%

Connecticut

4.00% (4.12% APR)

59.5%

43.9%

Delaware

4.00% (4.10% APR)

66.4%

37.9%

District of Columbia

4.00% (4.23% APR)

58.7%

26.1%

Florida

4.00% (4.10% APR)

88.8%

39.1%

Georgia

4.13% (4.25% APR)

80.8%

25.7%

Hawaii

4.13% (4.25% APR)

54.0%

26.3%

Idaho

4.13% (4.26% APR)

72.6%

29.5%

Illinois

4.13% (4.25% APR)

72.2%

31.7%

Indiana

4.13% (4.25% APR)

69.3%

27.8%

Iowa

4.38% (4.51% APR)

66.9%

42.1%

Kansas

4.38% (4.51% APR)

70.2%

30.9%

Kentucky

4.13% (4.25% APR)

67.7%

51.9%

Louisiana

4.38% (4.51% APR)

74.7%

79.6%

Maine

4.00% (4.12% APR)

58.4%

29.7%

Maryland

4.00% (4.13% APR)

70.1%

25.5%

Massachusetts

4.13% (4.24% APR)

60.9%

45.4%

Michigan

4.00% (4.12% APR)

84.2%

32.6%

Minnesota

4.00% (4.12% APR)

66.2%

21.8%

Mississippi

4.38% (4.51% APR)

78.5%

29.5%

Missouri

4.00% (4.12% APR)

71.7%

31.0%

Montana

4.38% (4.51% APR)

60.5%

32.5%

Nebraska

4.38% (4.51% APR)

72.7%

44.1%

Nevada

4.25% (4.40% APR)

114.7%

54.0%

New Hampshire

4.13% (4.24% APR)

70.7%

25.4%

New Jersey

4.00% (4.12% APR)

62.3%

29.3%

New Mexico

4.13% (4.28% APR)

67.3%

41.3%

New York

4.00% (4.10% APR)

48.4%

35.1%

North Carolina

4.13% (4.26% APR)

71.1%

32.0%

North Dakota

4.38% (4.51% APR)

60.6%

35.3%

Ohio

4.13% (4.24% APR)

75.4%

27.0%

Oklahoma

4.00% (4.12% APR)

75.5%

53.5%

Oregon

4.13% (4.28% APR)

69.7%

19.5%

Pennsylvania

4.00% (4.12% APR)

60.6%

42.3%

Rhode Island

4.38% (4.51% APR)

62.8%

36.8%

South Carolina

4.00% (4.13% APR)

70.9%

28.1%

South Dakota

4.00% (4.12% APR)

N/A

N/A

Tennessee

4.00% (4.12% APR)

71.3%

29.5%

Texas

4.00% (4.13% APR)

68.4%

30.5%

Utah

4.13% (4.36% APR)

73.3%

22.3%

Vermont

4.38% (4.51% APR)

N/A

N/A

Virginia

4.00% (4.23% APR)

70.8%

24.6%

Washington

4.13% (4.25% APR)

68.0%

21.3%

West Virginia

4.38% (4.51% APR)

66.5%

57.6%

Wisconsin

4.38% (4.51% APR)

68.5%

34.4%

Wyoming

4.13% (4.24% APR)

63.5%

22.7%

Home loan rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower’s loan details and credit profile.

More information is available here:

Tags: lendingtree, mortgage rates, mortgage loans, average home rates, 30 year fixed, 15 year fixed, 5/1 arm, adjustable rate mortgage, fixed mortgage, lenders

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
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