Tag Archive | "15 Year FRM"

30-Year Fixed Mortgage Rates drop to 4.93%

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WASHINGTON- 30-year fixed mortgage rates drop to 4.93% for the second straight week, showed by a report on Thursday, but still are above than the lower record of last years.  30 Year Fixed Mortgage Rates

This week, the average rate on a 30-year mortgage was recorded 4.93% that was 4.97% a week earlier, stated by Freddie Mac mortgage finance company.

In the beginning of December, a drop in the rates recorded to low of 4.71%, drooped in the response of government’s campaign to shrink the borrowing costs of consumer.

Mortgage rates were collected by Freddie Mac from Monday to Wednesday every week from the lenders of the whole country. Fluctuations occur on rates even on the same given day and often in line with Treasury bonds (long-term).

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Mortgage Interest Rate Trends: Historical Graph for long term trends from 1992-2009

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In this article we have given you the 30 Year FRM, 15 Year FRM and 1 Year ARM: Initial Interest rate. The graph above shows long term trends of 30 Year FRM, 15 Year FRM and 1 Year ARM: Initial Interest rate. It shows the mortgage rates trends from 1992-2009.

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Following the graph which starts from June 1992 as you can see that 30 year FRM was at 8.50% while the 15 Year FRM was in between 7.75% – 8.50% and 1 Year ARM: Initial Interest rate was in between 5.50% – 6.25%. After June 1992 we can see a decline in all rates and in December 1992 the rates again goes up after that there was a continuous decline in the rates till the December of 1993 after December 1993 the rates continues to rise till December 1994 but during the month of June in 1994 the rates were quite stable.

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Mortgage Interest Rate Trends: Historical Graph for 3 Year Mortgage Rates

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In this article we have given the three years trends of 30 year FRM, 15 Year FRM, 1 Year ARM: Initial Interest rates and 1 year ARM: Fully Indexed Rate.

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Following the above graph which starts from 23rd June 2006 as you can see that 30 year ARM was at 6.60% while that of 15 Year FRM ,1 Year ARM: Initial Interest rates and 1 year ARM: Fully Indexed Rate were at 6.30%, 5.60% and 7.90% respectively. After that we can see a small rise and then the rates starts declining up to 6th October 2006.

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Mortgage Interest Rate Trends: Historical Graph for 1 Year Mortgage Rates

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In this article we have given the one year trends of 30 year FRM, 5/1 ARM: Initial interest rates, 15 Year FRM and 1 Year ARM: Initial Interest rates and 1 year & 5/1 ARMs: Fully Indexed Rate.

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Following the above graph which starts from 13th June 2008 as you can see that 30 Year FRM was at 6.25%, while that of 15 year FRM, 5/1 ARM: Initial interest rates , 1 year and 5/1 ARMs: Fully Indexed Rate and 1 Year ARM: Initial Interest rates were at 5.75%,5.65%,5.05% & 5.05% respectively.

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Mortgage Interest Rate Trends: Historical Graph for Three Months

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In this article we have given the three months trends of 30 year FRM, 5/1 ARM, 15 Year FRM and 1 Year ARM.

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Following the above graph which starts from 20th February as you can see that 30 year ARM was at 5.04%, same rates were possessed by 5/1 ARM while 1 Year ARM was at  4.80%. After that the rates of 30 year FRM, 5/1 ARM, 15 Year FRM and 1 Year ARM continues to rise till 6th March and after we have seen a decline in the rates of all of them.

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February 2012
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