Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Apr 25, 2013

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Home loan interest rates hovered around record lows this week according to interest rate reports provided by loans.org.

For the week ending April 25, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.32 percent. This rate is down from last week’s average of 3.33 percent.

The home loan interest rates are averages compiled throughout the United States. Each state varies, rising either above or below the national average. For example, Alaska’s 30-year FRM finished above average at 3.35 percent; meanwhile Idaho was below the national average at 3.31 percent. 

The 15-year fixed-rate mortgage averaged 2.53 percent, down from last week when it averaged 2.54 percent.

The 5/1 adjustable-rate mortgage (ARM) averaged 2.26 percent, the same as last week.

Home loan interest rates have slowly increased above record lows for the past few months, but recently the rates have experienced a steady decline back down towards the lows seen in 2012. The low rates continue to assist the recovering housing industry.

According to the National Association of Realtors, existing home sales averaged 4.94 million (annualized pace) over the first three months of 2013. This pace is the strongest since Q4 2009.

New home sales also experienced a significant boost recently.  Sales during Q1 2013 reached 424,000, the strongest since Q3 2008.

Both existing and new home sales, fueled by low home loan interest rates, assist the housing industry and help stabilize housing prices. The Federal Housing Finance Agency reported that the U.S. house price index has consecutively grown. February marked the thirteenth month in a row that the index has increased. In that time, it rose by 7.1 percent.

Despite positive rates for borrowing and strong sales reports, the U.S. index is still 13.6 percent below the housing peak reached in April 2007.