Mortgage Rates Hit Yet Another Record Low: 30 Year Mortgage Rates at 4.49%, 15 Year Mortgage Rates at 3.95%

Mortgage rates hit yet another record low this morning. This is the seventh consecutive week 30 year fixed mortgage rates hit record lows. Conforming 30 year fixed mortgage rates and conforming 15 year fixed mortgage rates have hit record lows in this week’s Primary Mortgage Market Survey released by Freddie Mac. 30 year conforming mortgage rates are now under 4.50 percent and 15 year conforming mortgage rates are under 4.00 percent.

Fixed conforming 30 year mortgage rates are averaging 4.49 percent for the week ending August 5, 2010, down from the previous week’s average 30 year mortgage rate of 4.54 percent. Mortgage discount points on 30 year mortgages averaged 0.7 points, unchanged from the previous week’s average.

Conforming fixed 15 year mortgage rates are averaging 3.95 percent for the week ending August 5, 2010, down from the prior week’s average of 15 year mortgage rate of 4.00 percent. Average mortgage discount points on 15 year mortgages remained the same at 0.7 points.

5 year U.S. Treasury indexed adjustable mortgage rates are averaging 3.63 percent for the week ending August 5, 2010, down from the prior week’s average 5 year adjustable mortgage rate of 3.76 percent. Average mortgage discount points remained the same at 0.7 points.

1 year adjustable mortgage rates are down to 3.55 percent for the week ending August 5, 2010, down from the previous week’s average 1 year adjustable mortgage rate of 3.64 percent.

Use a mortgage calculator to figure out the monthly mortgage payments on a home mortgage loan.

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