Average 30-Year Mortgage Unchanged from All-time Record Low

February 16, 2012

The average fixed mortgage rates remain unchanged amid mixed consumer sentiment data.

According to Freddie Mac’s Primary Mortgage Survey, the average 30-year fixed-rate mortgage has remained at its all-time record-breaking low since the first week of February, below 4 percent for the past 11 weeks, and below 5 percent for the past 52 weeks dating back to Feb. 17, 2011.

The survey showed the 30-year fixed-rate mortgage (FRM) remained at 3.87 percent with an average 0.8 point for the week ending Feb. 16. Last year at this time, the 30-year FRM averaged 5 percent.

Meanwhile, the 15-year FRM this week averaged 3.16 percent with an average 0.8 point, matching last week when it also averaged 3.16 percent. A year ago at this time, the 15-year FRM averaged 4.27 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.82 percent this week, with an average 0.8 point, down from last week when it averaged 2.83 percent. A year ago, the 5-year ARM averaged 3.87 percent.

The 1-year Treasury-indexed ARM averaged 2.84 percent this week with an average 0.6 point, up from last week when it averaged 2.78 percent. At this time last year, the 1-year ARM averaged 3.39 percent.

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

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.