Six Weeks and Counting......Interest Rates Remain at Record-Breaking Lows!

This marks another record-breaking week for mortgage interest rates!  Rates for the weekend ending January 12, 2012 were as follows: 

  

- 30-Year Fixed Rate Mortgage - Averaged 3.89% with an average .7 point. This is a decrease from last week's average of 3.91%. Last year at this time, 30-Year FRMs averaged 4.71%.

- 15-Year Fixed Rate Mortgage - Averaged 3.16% with an average .8 point. This is a decrease from last week's average of 3.23%. Last year at this time 15-Year FRMs averaged 4.08%.

- 5-Year Treasury Indexed Hybrid Adjustable Rate Mortgage - Averaged 2.82% with an average .7 point. This is a decrease from last week's average of 2.86%. Last year this time 5-Year ARMs averaged 3.72%.

- 1-Year Treasury Indexed Adjustable Rate Mortgage - Averaged 2.76% with an average .6 point. This is a decrease from last week's average of 2.8%. Last year this time 1-Year ARMs averaged 3.23%.