Fixed-rate mortgage benchmark 30-year fell 8 basis points this week, 4.46%, according to Bankrate.com national survey of large lenders. A basis point is one hundredth of one percentage point. Mortgages in this week's research had an average total of discount and origin of 0.23 points. A year ago the index was 4.57% of the mortgage; four weeks ago he was 1.38%.
Fixed-rate mortgage (15)-reference year decreased 7 basis points, to 3.61%. The adjustable mortgage rate of reference 5/1 rose 1 point base, 3.24%, and the benchmark 30-year jumbo fixed rate decreased 4 BP at 5.02%.
This is the lowest rate on 30-year fixed at more than nine months. The almost 26 years of Bankrate survey, the low for the 30-year fixed record were 4.42%. I hit the record 20 silver 2010 again November 3, 2010. This is the percentage of a lower level than the day set last November.