Mortgage Rates Edge Upwards This Week
Mortgage Rates Edge Upwards This Week
Mortgage Rates Edge Upwards This Week

December 28, 2011 (Shirley Allen)

Average mortgage interest rates for fixed rate mortgages edged upwards this week, the first time since mid-November, while interest rates on adjustable mortgages fell slightly according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages as of December 27, 2011:

The average home loan rates offered for 30 year fixed rate mortgages increased this week to 4.34 percent (4.65% APR). The average home loan rate offered last week was 4.22 percent.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.75 percent (3.88% APR), up from 3.50 percent last week.

The average home loan rates offered for 15 year fixed rate mortgages increased to 3.56 percent (4.03% APR), up from last week’s average of 3.46 percent week.

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 3.00 percent (3.11% APR). The lowest rate offered last week was 2.88 percent.

Adjustable Rate Mortgages as of December 27, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages decreased slightly to 3.20 percent (3.48% APR) this week. The average home loan rate offered last week was 3.23 percent.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.04% APR), which remained unchanged from the previous week.

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

STATE-BY-STATE MORTGAGE DATA 12/27/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.75% (3.88% APR)

69.8%

33.5%

Alabama

3.75% (3.88% APR)

68.0%

29.5%

Alaska

3.75% (3.88% APR)

65.8%

19.5%

Arizona

3.75% (3.88% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.75% (3.85% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR) ­

67.3%

38.8%

District of Columbia

3.75% (3.88% APR)

58.6%

26.8%

Florida

3.63% (3.73% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.86% APR)

72.4%

32.3%

Indiana

3.75% (3.93% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.88% APR)

70.3%

32.2%

Kentucky

3.75% (3.89% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.75% (3.84% APR)

70.3%

25.9%

Massachusetts

3.75% (3.86% APR)

61.9%

47.0%

Michigan

3.75% (3.88% APR)

84.0%

33.4%

Minnesota

3.75% (3.85% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.75% (3.88% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.88% (3.99% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.75% (4.88% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.75% (3.86% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.88% APR)

69.8%

19.9%

Pennsylvania

3.75% (3.84% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.75% (3.86% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.75% (3.89% APR)

71.6%

29.9%

Texas

3.75% (3.88% APR)

68.1%

31.6%

Utah

3.75% (3.88% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.

Source:

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

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Purchase or Refinance
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December 28, 2011 (Shirley Allen)

Average mortgage interest rates for fixed rate mortgages edged upwards this week, the first time since mid-November, while interest rates on adjustable mortgages fell slightly according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages as of December 27, 2011:

The average home loan rates offered for 30 year fixed rate mortgages increased this week to 4.34 percent (4.65% APR). The average home loan rate offered last week was 4.22 percent.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.75 percent (3.88% APR), up from 3.50 percent last week.

The average home loan rates offered for 15 year fixed rate mortgages increased to 3.56 percent (4.03% APR), up from last week’s average of 3.46 percent week.

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 3.00 percent (3.11% APR). The lowest rate offered last week was 2.88 percent.

Adjustable Rate Mortgages as of December 27, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages decreased slightly to 3.20 percent (3.48% APR) this week. The average home loan rate offered last week was 3.23 percent.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.04% APR), which remained unchanged from the previous week.

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

STATE-BY-STATE MORTGAGE DATA 12/27/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.75% (3.88% APR)

69.8%

33.5%

Alabama

3.75% (3.88% APR)

68.0%

29.5%

Alaska

3.75% (3.88% APR)

65.8%

19.5%

Arizona

3.75% (3.88% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.75% (3.85% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR) ­

67.3%

38.8%

District of Columbia

3.75% (3.88% APR)

58.6%

26.8%

Florida

3.63% (3.73% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.86% APR)

72.4%

32.3%

Indiana

3.75% (3.93% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.88% APR)

70.3%

32.2%

Kentucky

3.75% (3.89% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.75% (3.84% APR)

70.3%

25.9%

Massachusetts

3.75% (3.86% APR)

61.9%

47.0%

Michigan

3.75% (3.88% APR)

84.0%

33.4%

Minnesota

3.75% (3.85% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.75% (3.88% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.88% (3.99% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.75% (4.88% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.75% (3.86% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.88% APR)

69.8%

19.9%

Pennsylvania

3.75% (3.84% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.75% (3.86% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.75% (3.89% APR)

71.6%

29.9%

Texas

3.75% (3.88% APR)

68.1%

31.6%

Utah

3.75% (3.88% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.

Source:

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

Get A Rate That Works
Purchase or Refinance
100% Free - No Obligation
Fast and Easy
No SSN or Credit Check
The Savings Start Here

December 28, 2011 (Shirley Allen)

Average mortgage interest rates for fixed rate mortgages edged upwards this week, the first time since mid-November, while interest rates on adjustable mortgages fell slightly according to the data collected by LendingTree’s Weekly Mortgage Rate Pulse.

Fixed Rate Mortgages as of December 27, 2011:

The average home loan rates offered for 30 year fixed rate mortgages increased this week to 4.34 percent (4.65% APR). The average home loan rate offered last week was 4.22 percent.

The lowest mortgage rate offered for a 30 year fixed rate mortgage was 3.75 percent (3.88% APR), up from 3.50 percent last week.

The average home loan rates offered for 15 year fixed rate mortgages increased to 3.56 percent (4.03% APR), up from last week’s average of 3.46 percent week.

The lowest mortgage rate offered for a 15 year fixed rate mortgage was 3.00 percent (3.11% APR). The lowest rate offered last week was 2.88 percent.

Adjustable Rate Mortgages as of December 27, 2011:

The average home loan rate offered for 5/1 adjustable rate mortgages decreased slightly to 3.20 percent (3.48% APR) this week. The average home loan rate offered last week was 3.23 percent.

The lowest mortgage rate offered for a 5/1 adjustable rate mortgage was 2.50 percent (3.04% APR), which remained unchanged from the previous week.

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

STATE-BY-STATE MORTGAGE DATA 12/27/11

*Updated Quarterly

STATE

LOWEST MORTGAGE RATE

LOAN-TO-VALUE RATIO*

NEGATIVE EQUITY*

US Average

3.75% (3.88% APR)

69.8%

33.5%

Alabama

3.75% (3.88% APR)

68.0%

29.5%

Alaska

3.75% (3.88% APR)

65.8%

19.5%

Arizona

3.75% (3.88% APR)

93.1%

38.9%

Arkansas

3.75% (3.86% APR)

72.3%

43.0%

California

3.75% (3.88% APR)

70.0%

34.4%

Colorado

3.75% (3.88% APR)

72.3%

22.9%

Connecticut

3.75% (3.85% APR)

60.2%

43.4%

Delaware

3.75% (3.85% APR) ­

67.3%

38.8%

District of Columbia

3.75% (3.88% APR)

58.6%

26.8%

Florida

3.63% (3.73% APR)

87.8%

38.9%

Georgia

3.75% (3.88% APR)

80.9%

26.5%

Hawaii

3.75% (3.88% APR)

53.9%

27.0%

Idaho

3.75% (3.88% APR)

71.7%

30.3%

Illinois

3.75% (3.86% APR)

72.4%

32.3%

Indiana

3.75% (3.93% APR)

69.4%

28.4%

Iowa

3.75% (3.88% APR)

67.3%

44.2%

Kansas

3.75% (3.88% APR)

70.3%

32.2%

Kentucky

3.75% (3.89% APR)

67.9%

52.7%

Louisiana

3.75% (3.88% APR)

75.2%

82.4%

Maine

3.75% (3.86% APR)

58.3%

30.7%

Maryland

3.75% (3.84% APR)

70.3%

25.9%

Massachusetts

3.75% (3.86% APR)

61.9%

47.0%

Michigan

3.75% (3.88% APR)

84.0%

33.4%

Minnesota

3.75% (3.85% APR)

66.8%

22.7%

Mississippi

3.75% (3.87% APR)

78.2%

29.2%

Missouri

3.75% (3.88% APR)

71.9%

32.4%

Montana

3.75% (3.88% APR)

60.3%

33.9%

Nebraska

3.75% (3.88% APR)

73.4%

44.7%

Nevada

3.63% (3.75% APR)

112.7%

53.7%

New Hampshire

3.88% (3.99% APR)

70.3%

26.2%

New Jersey

3.75% (3.87% APR)

62.8%

29.9%

New Mexico

3.75% (3.88% APR)

67.9%

45.9%

New York

3.75% (3.85% APR)

48.7%

36.0%

North Carolina

3.75% (4.88% APR)

71.6%

32.4%

North Dakota

3.75% (3.88% APR)

61.1%

36.3%

Ohio

3.75% (3.86% APR)

75.8%

27.5%

Oklahoma

3.75% (3.86% APR)

71.8%

50.6%

Oregon

3.75% (3.88% APR)

69.8%

19.9%

Pennsylvania

3.75% (3.84% APR)

61.1%

42.0%

Rhode Island

3.75% (3.87% APR)

63.7%

38.7%

South Carolina

3.75% (3.86% APR)

71.5%

28.9%

South Dakota

3.75% (3.86% APR)

N/A

N/A

Tennessee

3.75% (3.89% APR)

71.6%

29.9%

Texas

3.75% (3.88% APR)

68.1%

31.6%

Utah

3.75% (3.88% APR)

72.9%

22.8%

Vermont

3.75% (3.88% APR)

N/A

N/A

Virginia

3.75% (3.85% APR)

71.7%

25.1%

Washington

3.75% (3.88% APR)

68.3%

21.7%

West Virginia

3.75% (3.85% APR)

66.8%

50.6%

Wisconsin

3.75% (3.85% APR)

69.1%

36.0%

Wyoming

3.75% (3.88% APR)

63.1%

24.2%

Lowest mortgage interest rates shown reflect the payment of one discount point. Mortgage interest rates will vary based on the borrower’s loan details and credit profile.

Source:

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

Get A Rate That Works
Purchase or Refinance
100% Free - No Obligation
Fast and Easy
No SSN or Credit Check
The Savings Start Here