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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.

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