Mortgage Rates At Rock Bottom

The 30 year fixed rate mortgage dipped to 3.54 percent from last week's national average of 3.57 percent, according to Bankrate.com.  The survey from Bankrate.com mentioned that the average origination fees and points were at 0.39 points.

Weekly national mortgage survey

Results of Bankrate.com's Nov. 14, 2012, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:

	30-year fixed	15-year fixed	5-year ARM
This week's rate:	3.54%	2.87%	2.72%
Change from last week:	-0.03	-0.01	N/C
Monthly payment:	$744.61	$1,127.17	$670.98
Change from last week:	-$2.78	-$0.79	N/C