Mortgage Rates Remain Near Historic Lows According to ForTheBestRate.com

Wilmington, NC (PRWEB) March 11, 2013

Mortgage rates for the most popular home loan products changed little this week reports ForTheBestRate.com, a consumer focused mortgage research website. Pricing advertised in the rates tables on the website stayed relatively steady as mortgage banks and lenders saw little in the market influencing them to make drastic changes higher or lower to their offerings. On Thursday, March 7th, 2013 30 year fixed mortgage rates as low as 3.375% (APR: 3.375%, Points: 0.000, Fees in APR: $ 0, Lender: Pleasant Valley Home Mortgage) were posted.

15 year rates were advertised as low as 2.625% (APR: 2.699%, Points: 0.000, Fees in APR: $ 855, Lender: EverBank,) and 5 year adjustable rate mortgage rates as low as 2.125% (APR: 2.780%, Points: 1.000, Fees in APR: $ 0, Lender: Roundpoint Mortgage Company.)

Mortgage pricing data released Thursday, March 7th, 2013 in the weekly mortgage rate survey from Freddie Mac, a government sponsored enterprise and purchaser of mortgage loans on the secondary market, also revealed that mortgage pricing had dropped to historic levels. 30 year fixed rates averaged 3.52% (0.7 points) for the week ending March 7th, 2013, up just slightly from 3.51% (0.8 points,) the average one week earlier. 15 year mortgage rates also held steady, moving to 2.76% (0.7 points) on average, from last week’s 2.76% (0.8 points) average.

5 year adjustable rate mortgage pricing was up a small amount, to 2.63% (0.5 points) on average from 2.61% (0.6) the week prior.

“We continue to be encouraged by the availability of incredibly low cost home financing for homeowners,” commented Shaun Hamman, VP of Residential Lending at American Financial Resources. “It represents an historic opportunity to purchase or refinance a home while paying an extremely low rate of interest on the money borrowed. Today’s homebuyers and those who refinance could see the benefits of these savings for the next ten, twenty, or even thirty years,” he continued.

Current mortgage rates for a number of different residential mortgage programs can be viewed on ForTheBestRate.com. Below is a snapshot of mortgage rates for a variety of products listed on the site on 3/7/2013. Nevada mortgage rates represented in this sample. Rates are subject to change. Please visit the site to view the criteria used in the survey.

30 Year Mortgage Rates



Mortgage Capital Associates – 3.250% Note Rate, 3.411% APR, 2.000 Points, $ 0 Fees in APR



WaterMark Home Loans – 3.375% Note Rate, 3.411% APR, 2.000 Points, $ 0 Fees in APR

15 Year Mortgage Rates



Pleasant Valley Home Mortgage – 2.625% Note Rate, 2.625% APR, 0.000 Points, $ 0 Fees in APR



Mortgage Capital Associates – 2.750% Note Rate, 2.750% APR, 0.000 Points, $ 0 Fees in APR

10 Year Mortgage Rates



Roundpoint Mortgage Company – 2.500% Note Rate, 2.709% APR, 1.000 Points, $ 0 Fees in APR



CapWest Mortgage – 2.500% Note Rate, 2.836% APR, 0.000 Points, $ 855 Fees in APR

5 Year Adjustable Rate Mortgage Rates



First Internet Bank – 1.750% Note Rate, 2.797% APR, 2.000 Points, $ 1428 Fees in APR



EverBank – 2.250% Note Rate, 2.785% APR, 1.000 Points, $ 997 Fees in APR

About ForTheBestRate.com



ForTheBestRate.com is a website that offers information regarding mortgages, insurance, and personal finance. ForTheBestRate.com is owned by CMG Equities, LLC based in Wilmington, North Carolina.

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