Mortgage rates outlook january 13 2012

Mortgage rates outlook january 13 2012 : Mortgage rates remained at record lows this week, thanks to the Fed, the crawling economy and the euro crisis. But a recent move by Congress will surprise some buyers and refinancers as they are hit with higher mortgage fees in coming days.

The benchmark 30-year fixed-rate mortgage remained unchanged this week at 4.18%, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.33 discount and origination points. One year ago, the mortgage index was 4.94%; four weeks ago, it was 4.19%. At 4.18%, this week's rate ties last week's rate for the lowest the 30-year fixed has reached in the 26 years of Bankrate's survey.

The benchmark 15-year fixed-rate mortgage fell 2 basis points to 3.38%. A basis point is one-hundredth of 1 percentage point. The benchmark 5/1 adjustable-rate mortgage fell 15 basis points to 3.04%. Both of those are record-low rates in the history of Bankrate's weekly survey. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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