30-Year Fixed-Rate Mortgage Settles in at 4 Percent

December 1, 2011

Average fixed mortgage rates changed little and remained near their historic lows helping to keep homebuyer affordability high, according to the latest Freddie Mac Primary Mortgage Markety Survey.

The 30-year fixed mortgage has averaged at or below 4.00 percent for the fifth consecutive week while the 15-year fixed has hovered around 3.30 percent. Additionally, adjustable-rate mortgages ticked down slightly averaging new record lows for the second straight week.

The 30-year fixed-rate mortgage (FRM) averaged 4.00 percent with an average 0.7 point for the week ending Dec. 1, up from last week when it averaged 3.98 percent. Last year at this time, the 30-year FRM averaged 4.46 percent.

Meanwhile, the 15-year FRM this week averaged 3.30 percent with an average 0.8 point, the same from last week when it averaged 3.30 percent. A year ago at this time, the 15-year FRM averaged 3.81 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.90 percent this week, with an average 0.6 point, down from last week when it averaged 2.91 percent. A year ago, the 5-year ARM averaged 3.49 percent.

The 1-year Treasury-indexed ARM averaged 2.78 percent this week with an average 0.6 point, down from last week when it averaged 2.79 percent. At this time last year, the 1-year ARM averaged 3.25 percent.