Fixed Mortgage Rates - 30-Year: 4.46%, 15-Year: 3.81%...
In its weekly survey of conforming mortgage rates (released Thursday), Freddie Mac stated that 30-year fixed-rate mortgages averaged 4.46% nationwide, while 15-year fixed-rate mortgages averaged 3.81%.
According to Freddie Mac, the 30-year fixed-rate mortgage (FRM) averaged 4.46 percent with an average 0.8 point for the week ending December 2, 2010, up from last week when it averaged 4.40 percent. Last year at this time, the 30-year FRM averaged 4.71 percent.
The 15-year fixed-rate mortgage this week averaged 3.81 percent with an average 0.7 point, up from last week when it averaged 3.77 percent. A year ago at this time, the 15-year FRM averaged 4.27 percent.
In the West (CA, AZ, NV, OR, WA, UT, ID, MT, HI, AK, GU) ), Freddie Mac noted that the 30-year fixed-rate mortgage averaged 4.43 percent with an average 0.9 point, while the 15-year fixed-rate mortgage this week averaged 3.77 percent with an average 0.8 point.
Source: Freddie Mac, December 2, 2010, available from "Long-Term Mortgage Rates Rise for the Third Time in as Many Weeks"; Internet; Accessed December 2, 2010.