Mortgage Rates at Record Lows Again, 30 Year Mortgage Rates at 4.56%, 15 Year Mortgage Rates at 4.03%

Mortgage rates are lower in the most recent mortgage market survey released yesterday morning. Fixed conforming 30 year mortgage rates, 15 year mortgage rates, 5 year adjustable mortgage rates and 1 year adjustable mortgage rates are all lower in this week’s Primary Mortgage Market Survey. 30 year mortgage rates and 15 year mortgage rates are at record lows. 15 year mortgage rates could break 4.00 percent in next week’s survey.

30 year mortgage rates are at 4.56 percent for the week ending July 22, 2010, down from the previous week’s average 30 year mortgage interest rate of 4.57 percent. Mortgage discount points remain unchanged at 0.7 points.

Fixed conforming 15 year fixed mortgage rates are almost down to the 4.00 percent level. 15 year mortgage rates are at 4.03 percent for the week ending July 22, 2010, down from the prior week’s average 15 year mortgage interest rate of 4.06 percent. Average mortgage discount points on 15 year mortgages was 0.7 points, unchanged from the prior week’s average.

5 year Treasury indexed adjustable mortgage rates are down to 3.79 percent for the week ending July 22, 2010. 5 year adjustable mortgage rates are averaging 3.79 percent, down from last week’s average 5 year adjustable mortgage rate of 3.85 percent. Mortgage discount points on 5 year adjustable rate mortgages averaged 0.6 points, down from last week’s average of 0.7 points.

1 year Treasury indexed adjustable rate mortgages averaged 3.70 percent for the week ending July 22, 2010, down from the prior eek’s average 1 year adjustable mortgage rate of 3.74 percent. Mortgage points averaged o.7 points, unchanged for the previous week’s average.