Average Mortgage Rates
TODAYYESTERDAYCHANGE
30 Yr FRM 3.88 3.97 -0.09%
15 Yr FRM 3.31 3.37 -0.06%
FHA 30 Year 3.75 3.75 0.00%
Jumbo 30 Year 4.12 4.22 -0.10%
5/1 Yr ARM 3.01 3.01 0.00%
» View Current Mortgage Rates
» Compare Mortgage Rates		 Updated: 1/25/12 4:02 PM
Jan 25, 2012 4:02PM

Mortgage Rates Return To Historic Lows Following FOMC Announcement

Mortgages Rates spent 2 days at 4.0% in terms of rounded average "Best-Execution" rates (for detail on what that means, READ THIS POST from a few days ago). Today, that rounded average has returned to 3.875%. Although the underlying average isn't as low as it's ever been (3.88 vs 3.82), lenders tend to price loans in 1/8th (.125%) increments, meaning that 3.875% has been the lowest sustainable best-execution rate. In short, we're back to the promised land. The improvements came on the heels of today...

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This information is not an advertisement to extend consumer credit as defined by Section 226.2 of Regulation Z. This is not an offer to enter into an agreement regarding interest rates. The rates quoted do not include discount points, origination points, or loan level risk based price adjustments.  Rates and terms are subject to change without notice.