mortgage rates as of Jan 3 - Time to buy in the new year

Mortgage Rates as of January 3, 2012

 

Mortgage Program	Interest Rate	Fully Indexed Rate	APR*	Monthly Payment Per Thousand
30 Year Fixed No Points	3.875% 30 Year Term	--	3.903%	$4.71 - 360 payments of $1,504.76
20 Year Fixed No Points	3.750% 20 Year Term	--	3.816%	$5.93 - 240 payments of $1,897.24
15 Year Fixed No Points	3.250% 15 Year Term	--	3.303%	$7.03 - 180 payments of $2,248.54
5/1 ARM No Points	2.750% 5 Year Term	3.375% 25 Year Term	3.168%	$4.08 - 60 payments of $1,306.37 $4.36 - 300 payments of $1,397.79
5/1 Jumbo ARM No Points	2.750% 5 Year Term	2.625% 25 Year Term	2.695%	$4.08 - 60 payments of $2,857.69 $4.02 - 300 payments of $2,818.21