Home Mortgage Rates Hit New Low: 30 Year Conventional Mortgage Rates at 4.19%, 15 Year Conventional Mortgage Rates at 3.62%
Fixed conventional 30 year home mortgage rates are averaging 4.19 percent for the week ending October 14, 2010, down from the previous week’s average 30 year home mortgage rate of 4.27 percent. Average mortgage discount points on 30 year home mortgage loans was 0.8 points, no change from the average for October 7. 15 year fixed conforming home mortgage rates are averaging 3.62 percent for the week ending October 14, 2010, down from the prior week’s average 15 year home mortgage rate of 3.72%. Average mortgage discount points on 15 year home loans was 0.7 points, no change from the prior week’s average. 5 year Treasury indexed adjustable mortgage rates averaged 3.47 percent for the week ending October 14, 2010, unchanged from the previous week’s average 5 year adjustable home mortgage rate. Average mortgage discount points on 5 year adjustable home mortgages was unchanged at 0.6 points. 1 year U.S Treasury indexed adjustable home mortgage loan rates averaged 3.43 percent for the week ending October 14, 2010, up from the prior week’s average 1 year adjustable home mortgage rate of 3.40 percent. Average mortgage points on 1 year adjustable home loans was 0.8 points, up from the prior week’s average of 0.7 points. |
Long term fixed mortgage rates reached another record low in this week's Primary Mortgage Market Survey released this morning by Freddie Mac. Conventional fixed 30 year home mortgage rates and conventional 15 year home mortgage rates hit new all-time low. 5 year adjustable mortgage rates tied an all-time low hit on October 7, 2010. 1 year adjustable mortgage rates were slightly higher in this week's mortgage survey.
