- Miss America 1989 Gretchen Carlson, Anchor of FOX News Channel's The Real Story with Gretchen Carlson, to Write Memoir
- 'Chappie' Takes on 'Focus' for Top of the Box, Check for Showtimes
- McConaughey Tweets "Long Way from 1971..."
- Ginseng Harvest Returns as "Appalachian Outlaws"
- MILITARY INDUSTRIAL COMPLEX Mar. 3, 2015
- Storm Warning Issued for Thursday
- PARALLEL UNIVERSE: Sending Money to Countries That Hate Us Makes No Sense at All
- CIVIL WAR OP-ED: Saint Patrick’s Day Tribute to General Patrick Cleburne—The Fighting Irishman
- Chuck Pagano, Andrew Luck, Dwayne Allen, David DeCastro, Diana DeGarmo, Ace Young, Dennis Haysbert, Miss America 2015 Kira Kazantsev Join USO Tour
- OP-ED: Terrorism: Not a Western Problem Only
FREDDIE MAC: Mortgage Rates Dip To New Record Lows: 3.34% for 30-Year Mortgage
"Fixed mortgage rates eased this week to record lows on indicators of higher consumer confidence and lower wholesale prices," said Frank Nothaft, Freddie Mac's vice president and chief economist. "Consumer sentiment rose in November to the highest reading since July 2007 according to the University of Michigan. Meanwhile, the core producer price index fell 0.2 percent in October."
The 30-year fixed-rate mortgage (FRM) averaged 3.34 percent with an average 0.7 point for the week ending November 15, 2012, down from last week when it averaged 3.40 percent. Last year at this time, the 30-year FRM averaged 4.00 percent. The, 15-year FRM this week averaged 2.65 percent with an average 0.7 point, down from last week when it averaged 2.69 percent. A year ago at this time, the 15-year FRM averaged 3.31 percent.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.74 percent this week with an average 0.6 point, up from last week when it averaged 2.73 percent. A year ago, the 5-year ARM averaged 2.97 percent. The 1-year Treasury-indexed ARM averaged 2.55 percent this week with an average 0.3 point, down from last week when it averaged 2.59 percent. At this time last year, the 1-year ARM averaged 2.98 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.