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Home Mortgage Rates Mixed Freddie Mac: 30 Year Mortgage Rates up to 4.35%, 15 Year Mortgage Rates Unchanged at 3.83%

Home mortgage rates were mixed in the most recent Primary Mortgage Market Survey  released yesterday morning by Freddie Mac. 30 year fixed mortgage rates and 5 year adjustable mortgage rates were slightly higher for the week ending September 9, 2010. 15 year fixed mortgage rates were unchanged and 1 year adjustable mortgage rates declined for the week ending September 9, 2010.

30 year fixed mortgage rates rose slightly to 4.35 percent for the week ending September 9, 2010, an increase from an average 30 year mortgage rate of 4.32 percent. Mortgage discount points averaged 0.7 points.

15 year fixed mortgage rates were unchanged for the week ending September 9, 2010. The average 15 year mortgage rate was 3.83 percent, unchanged from the previous week. Mortgage discount points averaged 0.6 points.

5 year Treasury indexed adjustable rate mortgages averaged 3.56 percent for the week ending September 9, 2010, up from an average 5 year adjustable mortgage rate of  3.54 percent the prior week. Mortgage discount points on 5 year adjustable mortgages averaged 0.6 points, unchanged from the prior week.

1 year Treasury indexed adjustable mortgage rates are averaging 3.46 percent for the week ending September 9, 2010, a decline from the prior week’s average 1 year adjustable mortgage rate of 3.50 percent. Mortgage discount points averaged 0.7 points, unchanged from the previous week’s average.
Author: Brian McKay
September 10th, 2010