Fixed Mortgage Rates Average 3.87% (30-Year), 3.16% (15-Year) for Week Ending 2/9/2012, Murrieta CA

Fixed Mortgage Rates Average 3.87% (30-Year), 3.16% (15-Year) for Week Ending 2/9/2012, Murrieta CA.

Need a new FHA home loan, or want to refinance for a lower mortgage payment? Freddie Mac shows homeloans this week averaged 3.87% for 30 year fixed rate mortgages, while 15 year fixed rate mortgages averaged 3.16%.

According to Freddie Mac, the 30-year fixed rate mortgage (FRM) averaged 3.87 percent with an average 0.8 point for the week ending February 9, 2012, matching last week when it also averaged 3.87 percent. Last year at this time, the 30-year FRM averaged 5.05 percent.

The 15-year fixed rate mortgage 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.

In the West (CA, AZ, NV, OR, WA, UT, ID, MT, HI, AK, GU), Freddie Mac noted that the 30-year fixed rate mortgage averaged 3.84 percent with an average 0.8 point, while the 15-year fixed rate mortgage this week averaged 3.15 percent with an average 0.8 point.

Source: Freddie Mac, February 9, 2012, available from "Average 30-Year Fixed-Rate Mortgage Holds at All-Time Record Low"; Internet; Accessed February 10, 2012.

The information provided is deemed reliable, but is not guaranteed.

Copyright ©2012 Bill Burchard