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Mortgage Rates: Current Mortgage Rates up Says Freddie
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The uptrend in mortgage rates this week reported by Freddie Mac’s Primary Mortgage Market Survey is keeping with the trend reported earlier this week in the MonitorBankRates.com mortgage survey and the Mortgage Bankers Association’s survey. Current Mortgage RatesCurrent fixed rate mortgages were up this pass week. The average fixed rate 30-year mortgage was 5.20 percent with an average 0.7 point for the week ending today, up from last week when it averaged 5.14 percent. A year ago 30-year mortgages averaged 6.63 percent. The decline in mortgage interest rates has created a refinance boom the past several months. The average fixed rate for a 15-year mortgage this week is at 4.68 percent with an average 0.7 point, up from the prior week’s average rate of 4.63 percent. Last year this time 15-year mortgage rates were also a lot higher, rates averaged 6.18 percent. Today’s mortgage rates are helping to put an end to the decline in housing prices. Today’s Mortgage RatesToday’s five-year adjustable mortgage rates are at 4.74 percent, down from the prior week’s average rate of 4.83 percent, with an average 0.7 percent point. A year ago, the 5-year adjustable rate mortgage averaged 5.49 percent. The average rate for one-year adjustable mortgages is at 4.77 percent this week with an average 0.6 point, up from last week’s average rate of 4.76 percent. Last year this time the average mortgage rate on a one-year was also at 5.49 percent. Jumbo Mortgage RatesFreddie Mac’s weekly survey does not include jumbo mortgage rates because Freddie Mac only reports on mortgages it purchases from banks. These home loans are called conforming mortgages. MonitorBankRates.com has free jumbo mortgage rate tables and conforming mortgage rate tables in your zip code. |
Rate Tables       Mortgage CalculatorAverage Mortgage RatesBanking & Finance InformationBest CD RatesCD Calculator CD Rates Mortgage Calculator Mortgage Rates RatesORama.com Savings Account Rates Banking ArticlesCurrent Mortgage Rates: 30 Year Mortgage Rates at 4.02%Mortgage Rates Week of February 6, 30 Year Mortgage Rates at 3.90% Mortgage Refinance Rates: 15 Year Refinance Mortgage Rates at 3.29% Mortgage Interest Rates Friday February 3, 2011, 15 Year Mortgage Rates at 3.30% Mortgage Rates Currently Lower: 30 Year Mortgage Rates at 3.98% Mortgage Rates on 30 Year Home Loans Under 4.00%, 15 Year Mortgage Rates at 3.32% Mortgage Rates Higher on Conforming and Jumbo Loans: 30 Year Mortgage Rates at 4.05% Mortgage Rates Mixed This Week: 30 Year Mortgage Rates at 4.01% Mortgage Rates This Weekend: 30 Year Mortgage Rates at 4.01% Mortgage Rates Lower Today: 30 Year Mortgage Rates at 4.05% |
Mortgage rates are up for the most part in the latest mortgage survey released today. Fixed rate 30-year mortgages and 15-year mortgages were up while five-year adjustable rate mortgages declined this week.
