Skip to main content Mortgages Rates Fall to 3.64 Percent for the Week
Mar 07, 2013

Rates on the most popular types of mortgages stepped backward this week according to's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by seven basis points (0.07 percent) to 3.64 percent. Conforming 5/1 Hybrid ARM rates decreased by five basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at average of 2.62 percent. Thirty-year fixed mortgage rates have retreated to late January, 2013, levels. "The financial markets have become a little jittery of late," said Keith Gumbinger, vice president of "Mixed and uncertain results in Italian elections last week, and the sequestration stalemate in Washington as we began this one, pushed as least some investor cash back into bonds, driving mortgage rates lower." Good news about the American economy may reverse some of that, he noted. "Solid housing market numbers and rising activity among service businesses have buoyed the stock market again, and the siren song of greater returns may again call money from the safe havens of bonds, lifting yields. However, with Federal Reserve Chairman Bernanke reiterating the Fed's support, and with plenty of economic trouble still here and abroad, bond yields and interest rates remain well tethered and are unlikely to stray too far from present levels." Average mortgage rates and points for conforming residential mortgages for the week ending March 5, according to Conforming 30-year fixed-rate mortgage ► Average rate: 3.64 percent ► Average points: 0.25 Conforming 5/1-year adjustable-rate mortgage ► Average rate: 2.62 percent ► Average points: 0.18 Average mortgage rates and points for conforming residential mortgages for the previous week ending February 26 were, according to Conforming 30-year fixed-rate mortgage ► Average Rate: 3.71 percent ► Average Points: 0.25 Conforming 5/1-year adjustable-rate mortgage ► Average Rate: 2.67 percent ► Average Points: 0.17
Mar 07, 2013
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023 Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss,'s leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023
Fannie Mae Extends Rent Payment Pilot

Positive Rent Payment program offers financial stability and opportunities.

Nov 14, 2023