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Long Term Home Mortgage Interest Rates Increase: Freddie Mac: 30 Year Mortgage Rates at 4.23%, 15 Year Mortgage Rates at 3.66%

Long term mortgage rates increased in this week’s mortgage survey released by Freddie Mac. Fixed conforming 30 year home mortgage rates and fixed conforming 15 year home mortgage rates are higher in this week's Primary Mortgage Market Survey. 5 year adjustable mortgage rates hit a new all time low and 1 year adjustable mortgage rates are unchanged in the survey. 

Conforming 30 year home mortgage interest rates are averaging 4.23 percent for the week ending October 28, 2010, up from the previous week’s average 30 year home mortgage  rate of 4.21 percent. Average mortgage discount points on 30 year home mortgage loans was 0.8 points, unchanged change from the average discount point in the October 21st survey.



Conforming 15 year fixed loan mortgage rates are averaging 3.66 percent for the week ending October 28, 2010, up from the prior week’s average 15 year home mortgage rate of 3.64%. 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 3.41 percent for the week ending October 28, 2010, down from the previous week’s average 5 year adjustable home mortgage rate of 3.45 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 3.30 percent for the week ending October 28, 2010, unchanged from the prior week’s average 1 year adjustable home mortgage rate.  Average mortgage points on 1 year adjustable home loans was 0.7 points.
 
Author: Brian McKay
October 28th, 2010