30 Year Mortgage Rates Remain at 5.04% This Week According to Freddie Mac

30 year mortgage rates remain at  5.04 percent for week ending September 17, 2009 according  to the most recent Primary Mortgage  Market Survey released by Freddie Mac.  That rate is unchanged from the prior week's average 30-year mortgage rate of 5.04 percent. Average discount points remained the same at 0.6 percent.

Looking for the best mortgage rates? Search our mortgage rate tables for current mortgage rates, including conforming mortgage rates and jumbo mortgage rates in your state or zip code. Current Mortgage Interest Rates

Average 15 year mortgage rates for the week ending September 17, 2009 stayed under 4.50 percent at 4.46 percent, with average discount points at 0.6 percent. The prior week's average 15-year mortgage rate was at 4.47 percent. The 4.46 percent mortgage rate is a new low since Freddie Mac started tracking it in 1991.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

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The lenders whose rates and other terms appear on this chart are ICB's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #1025894

5.539%

15-Year Fixed

5.375%

$4,284

Includes 0.896 points for $3,584

Lender Fees: $700

$3,242 /mo

Next >

NMLS #6606

5.762%

15-Year Fixed

5.625%

$3,548

Includes 0.887 points for $3,548

Lender Fees: $0

$3,295 /mo

Next >

NMLS #1025894

6.580%

30-Year Fixed

6.490%

$3,772

Includes 0.768 points for $3,072

Lender Fees: $700

$2,526 /mo

Next >

NMLS #401822

6.644%

30-Year Fixed

6.500%

$5,995

Includes 1.000 points for $4,000

Lender Fees: $1,995

$2,529 /mo

Next >

NMLS #399799

6.708%

30-Year Fixed

6.625%

$3,608

Includes 0.570 points for $2,280

Lender Fees: $1,328

$2,562 /mo

Next >

NMLS #6606

6.719%

30-Year Fixed

6.625%

$3,892

Includes 0.973 points for $3,892

Lender Fees: $0

$2,562 /mo

Next >

NMLS #401822

7.577%

15-Year Fixed

7.375%

$4,995

Includes 0.750 points for $3,000

Lender Fees: $1,995

$3,680 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

5 year Treasury Indexed adjustable rate mortgages remained the same at 4.51 percent with an average discount point of 0.5 percent, for the week ending September 17. Last year at this time 5 year Treasury Index adjustable rate mortgages were at 5.67 percent.

One year Treasury Indexed adjustable mortgage rates are at 4.52 percent, with an average 0.5 discount points, for the week ending September 17. Down from the prior week's average mortgage interest rate of 4.58 percent.Today's mortgage rates are lower than they were last year.

Here are this week's PMMS comments from Frank Nothaft, Freddie Mac vice president and chief economist.

“Mortgage rates held relatively steady at three-month lows this week.  Correspondingly, the Mortgage Bankers Association reported that mortgage applications jumped 12.8 percent over the week of September 18th to the strongest pace since late May, boosted by refinancing activity".

“In its September 23rd policy statement, the Federal Reserve (Fed) indicated that it plans to keep its benchmark interest rate exceptionally low for an extended period.  This will likely benefit consumers who opt for ARMs, because they are typically tied to shorter-term interest rates.  The Fed also noted that activity in the economy and housing market has picked up and financial markets have improved.”