Current Mortgage Rates: Mortgage Rates Down to 5.07%

mortgage-rates-30-year-mortgage-rates-down-to-507Mortgage rates were down slightly this week according to the most recent Primary Mortgage Market Survey released by Freddie Mac. Current mortgage rates are hovering above record lows.

Today's conforming 30-year fixed rate mortgage is at 5.07 percent, down from last week's average mortgage rate of 5.08 percent with an average 0.7 discount points.

The average 15-year mortgage rate is also down this week, currently 15-year mortgage rates are averaging 4.50 percent with 0.7 discount points, down from the previous week's average 15-year mortgage rate of 4.54 percent.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.539%
15-Year Fixed
5.375%
$4,284
Includes 0.896 points for $3,584
Lender Fees: $700
$3,242 /mo
New American Funding, LLC.
NMLS #6606
5.762%
15-Year Fixed
5.625%
$3,548
Includes 0.887 points for $3,548
Lender Fees: $0
$3,295 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.580%
30-Year Fixed
6.490%
$3,772
Includes 0.768 points for $3,072
Lender Fees: $700
$2,526 /mo
PenFed Credit Union
NMLS #401822
6.644%
30-Year Fixed
6.500%
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,529 /mo
HSBC Bank USA, N.A.
NMLS #399799
6.708%
30-Year Fixed
6.625%
$3,608
Includes 0.570 points for $2,280
Lender Fees: $1,328
$2,562 /mo
New American Funding, LLC.
NMLS #6606
6.719%
30-Year Fixed
6.625%
$3,892
Includes 0.973 points for $3,892
Lender Fees: $0
$2,562 /mo
PenFed Credit Union
NMLS #401822
7.577%
15-Year Fixed
7.375%
$4,995
Includes 0.750 points for $3,000
Lender Fees: $1,995
$3,680 /mo
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.

Adjustable rate mortgages were mixed this week, the average 5-year adjustable rate mortgage is at 4.51 percent this week with an average 0.5 discount points. Last week's average 5-year adjustable mortgage rate was at 4.59 percent. Last year at his time the average 5-year ARM was near 6.00 percent.

The average one-year Treasury indexed adjustable mortgage rate is current at 4.64 percent with an average 0.6 discount points this week, up from the prior week's average rate of 4.62 percent.

 
Author: Brian McKay
September 11th, 2009

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