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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Fixed Mortgage Rates Edge Slightly Higher

April 19, 2012

Average fixed mortgage rates held relatively stable this week amid signs that inflation remains in check, according to the latest Freddie Mac Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage (FRM) averaged 3.90 percent with an average 0.8 point for the week ending April 19, up from last week when it averaged 3.88 percent. Last year at this time, the 30-year FRM averaged 4.80 percent. Meanwhile, the 15-year FRM averaged 3.13 percent with an average 0.7 point, up from last week when it averaged 3.11 percent. A year ago at this time, the 15-year FRM averaged 4.02 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.78 percent with an average 0.7 point, down from last week when it averaged 2.85 percent. This is a new all-time low, which was previously set the first week of February 2012 when it averaged 2.8 percent. A year ago, the 5-year ARM averaged 3.61 percent.

The 1-year Treasury-indexed ARM averaged 2.81 percent with an average 0.6 point, up from last week when it averaged 2.80 percent. At this time last year, the 1-year ARM averaged 3.16 percent.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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