Fixed Mortgage Rates Remain At Historic Lows According To

Share Article released information showing mortgage rates are largely unchanged, and have tied recent records for low pricing. - Compare current mortgage rates online.

Being able to finance a home today at a rate in the mid 3% range could be a real difference maker when it comes to someone's net worth ten or twenty years from now

Mortgage rate research website, announced that mortgage rates posted on the site remain at the historic low point for both 30 year fixed and 15 year fixed home loans.

The interest rates posted by mortgage lender advertisers on the website reflected this record low pricing. On Friday, June 29th, 2012 30 year fixed mortgage rates listed in the rate tables on went as low as 3.375% (APR: 3.578%, Points: 2, Fees: $997, Lender: CapWest Mortgage.) 15 year fixed pricing was advertised as low as 2.75% (APR: 3.095%, Points: 1.625, Fees: $1500, Lender: Discover Home Loans.)

The rise in pricing was also reported by Freddie Mac, a government sponsored enterprise and purchaser of residential mortgages on the secondary market, in its weekly rate survey released Thursday, June 28th, 2012. Average pricing was held steady for 30 year fixed mortgage rates and was down slightly for the 15 year fixed product.

According to Freddie Mac the average 30 year fixed rate mortgage averaged a record low 3.66% (0.7 points) for a second straight week. 15 year fixed pricing saw a small drop going from 2.95% (0.6 points) the week of June 21st to 2.94% (0.7 points) this week.

Mortgage rates remaining at these incredibly low levels is welcome news for potential home buyers and current home owners hoping to refinance.

"It's great to see more and more homeowners able to refinance and take advantage of this historic pricing, whether it's through the HARP program or through a traditional refi," commented Shaun Hamman, VP of Residential Lending at American Financial Resources, a National mortgage lender. "Being able to finance a home today at a rate in the mid 3% range could be a real difference maker when it comes to someone's net worth ten or twenty years from now," he continued.

Below is a snapshot of New Jersey mortgage rates for a variety of products listed on on 6/29/2012. Rates are subject to change. Please visit the site to view the criteria used in the survey.

30 Year Mortgage Rates (0 Points) – 3.500% Note Rate – 3.581% APR – $1995 Fees in APR
Discover Home Loans – 3.875% Note Rate – 3.937% APR – $1500 Fees in APR

20 Year Mortgage Rates (0 Points)
CapWest Mortgage – 3.500% Note Rate – 3.557% APR – $997 Fees in APR
Americash, Inc. - 3.490% Note Rate - 3.535% APR - $795 Fees in APR

15 Year Mortgage Rates (0 Points)
AmeriSave - 2.875% Note Rate - 3.019% APR - $1995 Fees in APR
Quicken Loans - 3.375% Note Rate - 3.544% APR $2307 Fees in APR

5/1 ARM Rates (0 Points) - 2.375% Note Rate - 2.451% APR - $1995 Fees in APR
Quicken Loans - 3.500% Note Rate - 3.614% APR - $2807 Fees in APR

About is a website that offers information regarding mortgages and personal finance. is owned by CMG Equities, LLC based in Wilmington, North Carolina.

Update 2/19/2013: is now which is also owned and operated by CMG Equities, LLC in Wilmington, North Carolina.

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Anna Platz
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