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Home Mortgage Rates Lower This Week: 30 Year Conforming Mortgage Rates at 4.24%, 15 Year Conforming Mortgage Rates at 3.63%: Freddie Mac

Long term mortgage rates are mixed in this week’s mortgage survey released by Freddie Mac (OTC: FMCC). Fixed conforming 30 year home mortgage rates are higher in this week’s Primary Mortgage Market Survey. Fixed conforming 15 year home mortgage rates, 5 year adjustable mortgage rates and 1 year adjustable mortgage rates are lower. Both 5 year adjustable rates and 1 year adjustable rates hit record lows.

Fixed conforming 30 year home mortgage interest rates are averaging 4.24 percent for the week ending November 4, 2010, up slightly from the previous week’s average 30 year home mortgage  rate of 4.23 percent. Average mortgage discount points on 30 year home mortgage loans was 0.8 points, unchanged change from the prior week's survey.



Fixed conforming 15 year fixed loan mortgage rates are averaging 3.63 percent for the week ending November 4, 2010, down from the prior week’s average 15 year home mortgage rate of 3.66 percent. Average mortgage discount points on 15 year home loans was 0.7 points, no change from the prior week’s average.

5 year U.S. Treasury indexed adjustable mortgage rates averaged 3.39 percent for the week ending November 4, 2010, down from the previous week’s average 5 year adjustable home mortgage rate of 3.41 percent. Average mortgage discount points on 5 year adjustable home mortgages was unchanged at 0.6 points.

1 year Treasury indexed adjustable home mortgage loan rates averaged 3.26 percent for the week ending November 4, 2010, down from the prior week’s average 1 year adjustable home mortgage rate of 3.41 percent. Average mortgage points on 1 year adjustable home loans was 0.7 points.
 
Author: Brian McKay
November 4th, 2010