Home Mortgage Loan Rates Continue at Record Lows


Mortgage loan rates reached new all-time lows last week and moved home buyer affordability even higher.

Rates on 30-year fixed mortgages have been at or below 4 percent for the last eight weeks and now are almost 0.9 percentage points below where they were at the beginning of the year.  So home buyers are now paying over $1,200 less per year on a $200,000 loan.

Mortgage rates for week ending December 22, 2011:

  • 30 year fixed rates averaged 3.91 percent, with an average 0.7 point, which beat prior week’s 3.94 percent record.  A year ago at this time, 30-year fixed rates averaged 4.81 percent.
  • 15 year fixed-rate mortgages averaged 3.21 percent, with an average 0.8 point, matching last week’s all-time low.  Last year at this time, the 15-year mortgage averaged 4.15 percent.
  • 5-year adjustable-rate mortgages averaged 2.85 percent this week, with average 0.6 point, a new record after dropping from last week’s 2.86 percent average.  Last year at this time, 5-year ARMs averaged 3.75 percent.
  • 1-year ARMs averaged 2.77 percent this week, with an average 0.6 point, also a new record after falling from last week’s 2.81 percent average.  A year ago at this time, the 1-year ARMs averaged 3.40 percent.


Source of information is REALTOR magazine, December 23, 2011.  This is not the providing of lending, tax or legal services.  You should contact an experienced mortgage loan broker in your area to find out about the best purchase money loan for your situation.

Professional REALTOR® agent and broker representation – help for property owner/sellers, private trust estate representatives, estate administrators and executors, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA

About Harrison K. Long

Businessman, Professional Realtor agent, GRI, Broker associate, Coldwell Banker Residential Brokerage - Orange County, California - CA DRE 01410855 - Helping property owners, estate trustees, executors and administrators, fiduciaries, bankers, investor group managers, with listing and sale of properties - helping people with their best decisions about homes and real estate - Member at the Orange County Association of REALTORs (serving on its board of directors for 2012); California Association of Realtors (serving on its board of directors for 2011-2102); National Association of Realtors - Also an attorney member of the California State Bar Association #69137 - Contact by telephone or text at 949-701-2515
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