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Fixed Mortgage Rates and Adjustable Mortgage Rates Higher: 30 Year Mortgage Rates Averaging 4.81%

Both fixed mortgage rates and adjustable mortgage rates are higher in this week's Primary Mortgage Market Survey released by Freddie Mac. Conforming fixed 30 year mortgage rates are averaging 4.81 percent with 0.7 discount points for the week ending March 24, 2011. In the previous week's survey 30 year mortgage rates averaged 4.76 percent with 0.7 mortgage points.

Conforming fixed 15 year mortgage rates are back above 4.00 percent, averaging 4.04 percent with 0.7 points for the week ending March 24, 2011. Last week’s survey saw 15 year mortgage rates at 3.97 percent with 0.7 points.



5 year U.S. Treasury indexed adjustable mortgage rates averaged 3.62 percent with 0.6 points for the week ending March 24, 2011, up from the previous week’s average 5 year adjustable home mortgage rate of 3.57 percent with 0.6 points.

1 year U.S. Treasury-indexed adjustable rates averaged 3.21 percent with 0.6 points for the week ending March 24, 2011, down from the prior week’s average 1 year adjustable home mortgage rate of 3.17 percent with 0.6 points.
 
Author: Brian McKay
March 25th, 2011