Mortgage Rates: 30 Year Mortgage Rates Decline to 4.82% – MBA

30 year mortgage rates are down to 4.82 percent in the latest Mortgage Application Survey released by the Mortgage Bankers Association.  This is a slight decline from last week’s average 30 year contract mortgage rate of 4.83 percent. 

Average mortgage discount points increased from 1.18 points to 1.19 points for the week ending November 20, 2009. Buying mortgage points allows a borrower to receive a lower mortgage rate.

Looking for Current Mortgage Rates? Today’s Mortgage Rates can be found in your state by using our Mortgage Rate Tables: Best Mortgage Rates Here

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 #2006915

License: 60DBO-149268

5.582%

15-Year Fixed

5.375%

$5,417

Includes 0.868 points for $3,472

Lender Fees: $1,945

$3,242 /mo

Next >

NMLS #757416

5.642%

15-Year Fixed

5.490%

$3,948

Includes 0.987 points for $3,948

Lender Fees: $0

$3,267 /mo

Next >

NMLS #1835285

5.645%

15-Year Fixed

5.500%

$3,772

Includes 0.943 points for $3,772

Lender Fees: $0

$3,269 /mo

Next >

NMLS #1067

5.652%

15-Year Fixed

5.500%

$3,964

Includes 0.991 points for $3,964

Lender Fees: $0

$3,269 /mo

Next >

NMLS #401822

5.661%

15-Year Fixed

5.375%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,242 /mo

Next >

NMLS #2326098

License: 60DBO-181478

5.674%

15-Year Fixed

5.500%

$4,725

Includes 0.693 points for $2,772

Lender Fees: $1,953

$3,269 /mo

Next >

NMLS #2059741

5.715%

15-Year Fixed

5.490%

$5,872

Includes 0.968 points for $3,872

Lender Fees: $2,000

$3,267 /mo

Next >

NMLS #1025894

5.758%

15-Year Fixed

5.625%

$3,456

Includes 0.689 points for $2,756

Lender Fees: $700

$3,295 /mo

Next >

NMLS #2006915

License: 60DBO-149268

6.379%

5-Year ARM

6.250%

$5,449

Includes 0.876 points for $3,504

Lender Fees: $1,945

$2,463 /mo

Next >

NMLS #1835285

6.470%

30-Year Fixed

6.375%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,496 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.493%

5-Year ARM

6.375%

$5,121

Includes 0.792 points for $3,168

Lender Fees: $1,953

$2,496 /mo

Next >

NMLS #2561451

6.501%

30-Year Fixed

6.375%

$5,347

Includes 0.838 points for $3,352

Lender Fees: $1,995

$2,496 /mo

Next >

NMLS #2006915

License: 60DBO-149268

6.516%

30-Year Fixed

6.375%

$5,945

Includes 1.000 points for $4,000

Lender Fees: $1,945

$2,496 /mo

Next >

NMLS #757416

6.573%

30-Year Fixed

6.490%

$3,472

Includes 0.868 points for $3,472

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1835285

6.577%

5-Year ARM

6.500%

$3,220

Includes 0.805 points for $3,220

Lender Fees: $0

$2,529 /mo

Next >

NMLS #1067

6.595%

30-Year Fixed

6.500%

$3,972

Includes 0.993 points for $3,972

Lender Fees: $0

$2,529 /mo

Next >

NMLS #2059741

6.607%

30-Year Fixed

6.490%

$4,896

Includes 0.724 points for $2,896

Lender Fees: $2,000

$2,526 /mo

Next >

NMLS #1025894

6.701%

30-Year Fixed

6.625%

$3,156

Includes 0.614 points for $2,456

Lender Fees: $700

$2,562 /mo

Next >

NMLS #399799

6.728%

30-Year Fixed

6.625%

$4,416

Includes 0.772 points for $3,088

Lender Fees: $1,328

$2,562 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.740%

30-Year Fixed

6.625%

$4,941

Includes 0.747 points for $2,988

Lender Fees: $1,953

$2,562 /mo

Next >

NMLS #401822

6.758%

30-Year Fixed

6.625%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,562 /mo

Next >

NMLS #330511

6.837%

30-Year Fixed

6.750%

$3,564

Includes 0.891 points for $3,564

Lender Fees: $0

$2,595 /mo

Next >

NMLS #3030

6.889%

15-Year Fixed

6.750%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,540 /mo

Next >

NMLS #3030

7.602%

30-Year Fixed

7.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,797 /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.

15 year mortgage rates remained unchanged this week over last week, the current average contract loan rate for a 15 year mortgage is at 4.32 percent. Average discount points increased to 1.05 points from 1.01 points.

The average contract mortgage rate for one year adjustable rate mortgages decreased to 6.66 percent, down from the previous week's average interest rate of 6.85 percent. Average mortgage points increased from 0.29 to .033 points.

Lower mortgage rates didn't prevent mortgage refinance applications from dropping, the MBA's Refinance Index decreased 9.5 percent from the previous week.  The Purchase Index, which measures mortgage applications for home purchases increased 9.6 percent from one week earlier.

Earlier this week, MonitorBankRates.com released  its Weekly Mortgage Rate Report, here is the report.

Current Mortgage Rates

Conventional Fixed Mortgage Rates

• 30 year mortgage rates declined to 4.90 percent this week, down from last week’s average home loan rate of 4.95 percent. We haven’t seen rates this low since May of 2009 when average 30 year interest rates hit a low of 4.84 percent.
• 15 year mortgage rates are down to 4.37 percent this week, down from last week’s average loan rate of 4.39 percent.

Jumbo Mortgage rates

• Average 30 year jumbo mortgage rates are at 5.60 percent this week, down slightly from the prior week’s mortgage rate of 5.70 percent.
• Average 15 year jumbo rates are at 5.19 percent this week, down from the last week’s average rate on a 15 year home loan of 5.23 percent.

Adjustable Mortgage Rates - Conventi0nal

• Average one year adjustable mortgage rates are at 4.30 percent this week, down from last week’s when one year home loans averaged 4.44 percent.
• Three year adjustable rate mortgages are averaging 4.40 percent, up from the previous week’s average rate on a three year mortgage loan of 4.31 percent.
• Average five year mortgage rates are at 4.06 percent this week, down from the prior week’s average loan interest rate of 4.12 percent.
• The average rate on a seven year ARM is down to 4.50 percent, down from last week’s average home bank loan rate of 4.54 percent.
• Ten year ARMs are averaging 4.88 percent, down from the prior  week’s when 10 year home interest rates were at an average of 4.97 percent.

Jumbo Adjustable Mortgage Rates

• Average one year jumbo adjustable mortgage rates are averaging 5.49 percent this week, up considerably from the prior week’s average home loan interest rate of 5.25 percent.
• Average three year jumbo loans are at 5.41 percent this week, down from last week’s average home interest rate of 5.42 percent.
• Five year jumbo rates are at 4.83 percent this week, down from last week’s average home mortgage loan rate 0f 4.92 percent.
• The average rate on a seven year jumbo loan is at 5.57 percent, up slightly from the prior week’s average mortgage loan interest rate of 5.56 percent.
• 10 year jumbo ARMs are averaging 5.89 percent, down from the previous week’s average loan rate of 5.93 percent.

Conforming Interest Only Mortgage Rates (IO)

• The average three year interest only loan rates are at 4.50 percent this week, up from last week’s three year home loan rate of 4.39 percent.
• Five year IO loans are averaging 4.15 percent, down from the prior week when five year loan interest rates were averaging 4.22 percent.
• The average seven year IO mortgage rate is averaging 4.70 percent this week, unchanged from last week.

Jumbo Interest Only Mortgage Rates (IO)

• Average three year jumbo interest only mortgage rates are averaging 5.53 percent this week, down from last week’s jumbo mortgage average rate of 5.66 percent.
• Five year jumbo IO loans are averaging 5.23 percent, down from the prior week’s average IO mortgage rate of 5.34 percent.
• Seven year jumbo IO mortgages are averaging is at 5.94 percent, down from last week’s average jumbo rate of 5.98 percent.

Home Equity Loan Rates

• The average rate on a 10 year home equity loan is down slightly to 7.496 percent this week from the prior week’s average equity home loan rate of 7.498%. 15 year home equity rates decreased to 7.629% this week, down from the last week’s average equity loan rate of 7.630%.

Home Equity Line of Credit Rates (HELOC)

• The average home equity line of credit rate was down slightly to 4.898% this week from last week’s average HELOC rate of 4.901.

Looking for mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Bank Mortgage Rate Tables