Follow Us: Google+
 
Bankrate.com

mortgage

Mortgage rates for March 1, 2012

 

 

Mortgage rates reversed last week's move, with the average 30-year fixed mortgage pulling back and tying the record low of 4.10%, originally set 2 weeks ago. The average 15-year fixed mortgage, popular for refinancing, also returned to where it was 2 weeks ago, 3.35 percent, just shy of the record low of 3.34%.

Average jumbo 30-year fixed mortgages also inched lower to 4.63 percent.

Underwater homeowners are keeping their fingers crossed that mortgage rates will stay at record lows as the new HARP program starts to swing to effect in the next two weeks ... owing homeowners to refinance their mortgages regardless of how deeply underwater they are.

Of course you can find out more on the latest HARP program and also look for the best mortgage rates just by logging onto Bankrate.com. I'm Kristin Arnold.

 

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Mortgage Rates
Zip code:
Product:



advertisement
Most Read
  1. 6 tips for successful yard sale
  2. Nick Nolte's house for sale
  3. Social Security traps to avoid
  4. 7 sedans for the young at heart
  5. 8 eerie ghost towns
  6. 10 cars for a midlife crisis
  7. 5 car models that lose value
  8. Headlight requirements by state
  9. Ali Landry's house for sale
  10. 9 gas-only, fuel-efficient cars
Mortgage Overnight Averages
Product Rate +/- Last week
30 yr fixed mtg
3.73% 3.65%
15 yr fixed mtg
2.85% 2.79%
5/1 ARM
2.60% 2.59%
30 yr fixed mtg refi
3.72% 3.64%
View rates in your area:
 

Feeling lost in the mortgage wilderness?

Let Bankrate's Mortgage Analysis be your GPS. This newsletter tracks our exclusive mortgage features, rates and tools. Delivered Thursdays.
 
advertisement
Another indicator of an improving housing market: Realtor income is up.
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.