Average 30-Year Fixed-Rate Mortgage Holds at All-Time Record Low

February 9, 2012

While most average mortgage rates inched higher on January's positive employment data, the 30-year fixed remained unchanged and at its all-time record low, according to Freddie Mac’s Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage (FRM) averaged 3.87 percent with an average 0.8 point for the week ending Feb. 9, matching last week when it also averaged 3.87 percent. Last year at this time, the 30-year FRM averaged 5.05 percent.

Meanwhile, the 15-year FRM this week averaged 3.16 percent with an average 0.7 point, up from last week when it averaged 3.14 percent. A year ago at this time, the 15-year FRM averaged 4.29 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent this week, with an average 0.7 point, up from last week when it averaged 2.80 percent. A year ago, the 5-year ARM averaged 3.92 percent.

The 1-year Treasury-indexed ARM averaged 2.78 percent this week with an average 0.6 point, up from last week when it averaged 2.76 percent. At this time last year, the 1-year ARM averaged 3.35 percent.


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