Mortgage Loan Rates Continue to Climb in Mortgage Survey: 30 Year Mortgage Interest Rates Averaged 4.83%, 15 Year Mortgage Interest Rates Averaged 4.17%

Mortgage rates continue to climb in the latest mortgage survey released this morning. For the fifth consecutive week fixed long term conforming mortgage rates have increased. 15 year conforming mortgage rates are now above 4.00 percent in the Primary Mortgage Market Survey for the week ending December 16, 2010. Fixed conforming 30 year home mortgage rates are averaging 4.83 percent for the week ending December 16, 2010, up from the previous week’s average 30 year home mortgage  rate of 4.61 percent. Average mortgage discount points on 30 year home mortgage loans was 0.7 points, unchanged from the prior week’s survey.

Fixed conforming 15 year home mortgage rates are averaging 4.17 percent for the week ending December 16, 2010, an increase from the prior week’s average 15 year home mortgage rate of 3.96 percent. Average mortgage discount points on 15 year home loans was 0.7 points, unchanged from the prior week’s average.

5 year Treasury indexed adjustable mortgage rates averaged 3.77 percent for the week ending December 16, 2010, up from the previous week’s average 5 year adjustable home mortgage rate of 3.60 percent. Average mortgage discount points on 5 year adjustable home mortgages was 0.7 points, up from the previous week’s average of 0.6 points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
5.604%
15-Year Fixed
5.375%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$3,242 /mo
New American Funding, LLC.
NMLS #6606
6.132%
15-Year Fixed
5.990%
$3,644
Includes 0.911 points for $3,644
Lender Fees: $0
$3,374 /mo
District Lending
NMLS #1835285
6.482%
30-Year Fixed
6.375%
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$2,496 /mo
New American Funding, LLC.
NMLS #6606
6.833%
30-Year Fixed
6.740%
$3,828
Includes 0.957 points for $3,828
Lender Fees: $0
$2,592 /mo
Rocket Mortgage
NMLS #3030
7.035%
15-Year Fixed
6.875%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,568 /mo
District Lending
NMLS #1835285
7.143%
5-Year ARM
7.000%
$5,804
Includes 0.951 points for $3,804
Lender Fees: $2,000
$2,662 /mo
Rocket Mortgage
NMLS #3030
7.200%
30-Year Fixed
7.125%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$2,695 /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.

1 year Treasury indexed adjustable home mortgage loan rates averaged 3.35 percent for the week ending December 16, 2010, up from the prior week’s average 1 year adjustable home mortgage rate of 3.27 percent. Average mortgage points on 1 year adjustable home loans was 0.7 points, up from the previous week’s average of 0.6 points.

 
Author: Brian McKay
December 16th, 2010

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