30-Year Fixed-Rate Mortgage Matches All-Time Record Low at 3.94 Percent

December 15, 2011

Average fixed mortgage rates remained at or near their all-time lows, according to the latest Freddie Mac Primary Mortgage Market Survey.

The 30-year fixed matched the average all-time record low and a new all-time record low was set for the 15-year fixed, both previously set Oct. 6. The 5-year ARM also set a new all-time record low at 2.86 percent for the week.

The 30-year fixed-rate mortgage (FRM) averaged 3.94 percent with an average 0.8 point for the week ending Dec. 15, down from last week when it averaged 3.99 percent. Last year at this time, the 30-year FRM averaged 4.83 percent.

Meanwhile, the 15-year FRM this week averaged 3.21 percent with an average 0.8 point, down from last week when it averaged 3.27 percent. A year ago at this time, the 15-year FRM averaged 4.17 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.86 percent this week, with an average 0.6 point, down from last week when it averaged 2.93 percent. A year ago, the 5-year ARM averaged 3.77 percent.

The 1-year Treasury-indexed ARM averaged 2.81 percent this week with an average 0.6 point, up from last week when it averaged 2.80 percent. At this time last year, the 1-year ARM averaged 3.35 percent.


Contact ALTA at 202-296-3671 or communications@alta.org.

SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.