Fixed Mortgage Rates Avg. 3.49% (30-Yr), 2.77% (15-Yr) on 09/20/2012

By
Real Estate Broker/Owner with 3B Realty: 951-347-3818, CA BRE# 01864774
http://actvra.in/J4R

Fixed Mortgage Rates Avg. 3.49% (30-Yr), 2.77% (15-Yr) for Week Ending 9/20/2012, Murrieta CA.

Need a new FHA home loan, or want to refinance for a lower mortgage payment? Freddie Mac shows home loans this week averaged 3.49% for 30 year fixed rate mortgages, while 15 year fixed rate mortgages averaged 2.77%.

Need a new FHA home loan, or want to refinance for a lower mortgage payment? Freddie Mac shows home loans this week averaged 3.49% for 30 year fixed rate mortgages, while 15 year fixed rate mortgages averaged 2.77%. 

According to Freddie Mac, the 30-year fixed rate mortgage (FRM) averaged 3.49 percent with an average 0.6 point for the week ending September 20, 2012, down from last week when it averaged 3.55 percent. Last year at this time, the 30-year FRM averaged 4.09 percent.

The 15-year fixed rate mortgage this week averaged 2.77 percent with an average 0.6 point, down from last week when it averaged 2.85 percent. A year ago at this time, the 15-year FRM averaged 3.29 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 3.43 percent with an average 0.6 point, while the 15-year fixed rate mortgage this week averaged 2.72 percent with an average 0.7 point.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 3.43 percent with an average 0.6 point, while the 15-year fixed rate mortgage this week averaged 2.72 percent with an average 0.7 point.

But what's the rate for consumers? According to Jim Starkus, Mortgage Loan Officer with US Bank, “People do not realize that they cannot get the Freddie Mac rate, and that banks have to add ‘servicing’ to the Freddie Mac rate to quote to borrowers.” Jim explained, “If you add about 0.25% to the Freddie Mac or Fannie Mae rate, it will give you the street rate,” which is the rate consumers pay.

Source: Freddie Mac, September 20, 2012, available from "Mortgage Rates Back To Record Lows"; Internet; Accessed September 21, 2012.  

The information provided is deemed reliable, but is not guaranteed.

Follow the link to view my list of Murrieta Single Family Homes for Sale.
Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
California Riverside County Murrieta Colony
Groups:
Market Reports
Posts to Localism
Market Updates
Local Expert
Tags:
murrieta ca
homeloans
freddie mac
refinance
mortgage payment
fha home loan
fixed mortgage rates

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the foot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
1,101,158
Bill Burchard
3B Realty: 951-347-3818, CA - Murrieta, CA
Broker, Realtor - Murrieta Homes For Sale, Califor

More about Murrieta, CA: The City of Murrieta is a young vibrant community cradled in the junction of the 15 and 215 freeways in southwest Riverside County. Murrieta lies on the northern border of Temecula, CA, famous for its Temecula Wine Country.   Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774, Cell: 951-347-3818, Email: Bill@my3BRealty.comMore about Murrieta, CA: The City of Murrieta is a young vibrant community cradled in the junction of the 15 and 215 freeways in southwest Riverside County. Murrieta lies on the northern border of Temecula, CA, famous for its Temecula Wine Country.

Follow the link to view my list of Murrieta Single Family Homes for Sale.
Follow the link to view my list of Murrieta Condos and Townhomes for Sale.

Bill the Murrieta Broker: REALTOR®, SFR, CBRS, DRE Lic: 01864774,
Cell: 951-347-3818, Email: Bill@my3BRealty.com

Sep 21, 2012 06:04 PM #2
Rainmaker
1,101,158
Bill Burchard
3B Realty: 951-347-3818, CA - Murrieta, CA
Broker, Realtor - Murrieta Homes For Sale, Califor

More about me: I’m Bill Burchard, a real estate broker licensed by the California Department of Real Estate (Lic: 01864774). I specialize in Murrieta homes for sale, including bank foreclosures (REO properties) and short sales. I also specialize in Greer Ranch homes for sale, the community where I live. I serve the real estate needs of both home buyers and home sellers in Greer Ranch and in Murrieta, CA.

If you want more information about buying or selling Murrieta real estate, or if you want more information about my Greer Ranch Community (including properties for sale), please contact me, Bill the Murrieta Broker, by phone or text at (951) 347-3818, or email me at Bill@my3BRealty.com.

Sep 21, 2012 06:04 PM #3
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the printer to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Show All Comments
Rainmaker
1,101,158

Bill Burchard

Broker, Realtor - Murrieta Homes For Sale, Califor
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information