Mortgage Rates Continue to Decline: 30 Year Fixed Mortgage Rates at 4.87%

Fixed conforming mortgage rates are lower for the third consecutive week. In this week's Primary Mortgage Market Survey released by Freddie Mac, conforming fixed 30 year mortgage rates are back under 5.00 percent, averaging 4.87 percent for the week ending March 3, 2011, a decrease from the prior week’s average of 4.95 percent. Average mortgage discount points on 30 year mortgages were 0.7 points, up from the previous week’s average of 0.6 points.

Fixed conforming 15 year mortgage rates averaged 4.15 percent with 0.7 points for the week ending March 3, 2011, down from the previous week’s survey when 15 year mortgage rates averaged 4.22 percent with 0.7 mortgage discount points.

Current 5 year Treasury indexed adjustable mortgage rates averaged 3.72 percent for the week ending March 3, 2011, down from the previous week’s average 5 year adjustable home mortgage rate of 3.80 percent. Average mortgage discount points on 5 year adjustable mortgages were 0.6 points, unchanged from the prior week’s average.

Loan Term
Show Advertiser Disclosure
Lender
APR / Rate
Fees / Points
Payment
Home Simply
NMLS #2473786
4.934%
15-Year Fixed
4.750%
$4,887
Includes 0.948 points for $3,792
Lender Fees: $1,095
$3,112 /mo
Next >
LifeStone Mortgage
NMLS #1085173
4.949%
15-Year Fixed
4.750%
$5,370
Includes 1.000 points for $4,000
Lender Fees: $1,370
$3,112 /mo
Next >
Approved Home Loans
NMLS #1935422
License: 60DBO-109262
5.006%
15-Year Fixed
4.750%
$6,825
Includes 0.385 points for $1,540
Lender Fees: $5,285
$3,112 /mo
Next >
District Lending
NMLS #1835285
5.007%
15-Year Fixed
4.875%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,138 /mo
Next >
Bison State Bank
NMLS #757416
5.140%
15-Year Fixed
4.990%
$3,960
Includes 0.990 points for $3,960
Lender Fees: $0
$3,162 /mo
Next >
Allied Mortgage Group, Inc.
NMLS #1067
5.149%
15-Year Fixed
5.000%
$3,944
Includes 0.986 points for $3,944
Lender Fees: $0
$3,164 /mo
Next >
Approved Home Loans
NMLS #1935422
License: 60DBO-109262
5.192%
5-Year ARM
5.000%
$8,777
Includes 0.873 points for $3,492
Lender Fees: $5,285
$2,148 /mo
Next >
Farmers Bank of Kansas City
NMLS #613839
5.200%
15-Year Fixed
4.990%
$5,551
Includes 0.916 points for $3,664
Lender Fees: $1,887
$3,162 /mo
Next >
Home Simply
NMLS #2473786
5.361%
5-Year ARM
5.250%
$4,967
Includes 0.968 points for $3,872
Lender Fees: $1,095
$2,209 /mo
Next >
Zoom Loans
NMLS #1312186
5.365%
15-Year Fixed
5.250%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$3,216 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.508%
15-Year Fixed
5.375%
$3,480
Includes 0.695 points for $2,780
Lender Fees: $700
$3,242 /mo
Next >
District Lending
NMLS #1835285
5.578%
5-Year ARM
5.500%
$3,439
Includes 0.735 points for $2,940
Lender Fees: $499
$2,272 /mo
Next >
Approved Home Loans
NMLS #1935422
License: 60DBO-109262
5.812%
30-Year Fixed
5.625%
$8,261
Includes 0.744 points for $2,976
Lender Fees: $5,285
$2,303 /mo
Next >
District Lending
NMLS #1835285
5.817%
30-Year Fixed
5.750%
$2,927
Includes 0.607 points for $2,428
Lender Fees: $499
$2,335 /mo
Next >
Zoom Loans
NMLS #1312186
5.824%
5-Year ARM
5.750%
$3,232
Includes 0.808 points for $3,232
Lender Fees: $0
$2,335 /mo
Next >
Home Simply
NMLS #2473786
5.861%
30-Year Fixed
5.750%
$4,847
Includes 0.938 points for $3,752
Lender Fees: $1,095
$2,335 /mo
Next >
LifeStone Mortgage
NMLS #1085173
5.862%
5-Year ARM
5.750%
$4,974
Includes 0.901 points for $3,604
Lender Fees: $1,370
$2,335 /mo
Next >
LifeStone Mortgage
NMLS #1085173
5.951%
30-Year Fixed
5.875%
$3,370
Includes 0.500 points for $2,000
Lender Fees: $1,370
$2,367 /mo
Next >
DECO Mortgage
NMLS #2561451
5.955%
30-Year Fixed
5.875%
$3,450
Includes 0.675 points for $2,700
Lender Fees: $750
$2,367 /mo
Next >
Bison State Bank
NMLS #757416
6.045%
30-Year Fixed
5.990%
$2,376
Includes 0.594 points for $2,376
Lender Fees: $0
$2,396 /mo
Next >
Allied Mortgage Group, Inc.
NMLS #1067
6.055%
30-Year Fixed
5.990%
$2,780
Includes 0.695 points for $2,780
Lender Fees: $0
$2,396 /mo
Next >
Farmers Bank of Kansas City
NMLS #613839
6.091%
30-Year Fixed
5.990%
$4,343
Includes 0.614 points for $2,456
Lender Fees: $1,887
$2,396 /mo
Next >
Zoom Loans
NMLS #1312186
6.093%
30-Year Fixed
6.000%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,399 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.208%
30-Year Fixed
6.125%
$3,520
Includes 0.705 points for $2,820
Lender Fees: $700
$2,431 /mo
Next >
HSBC Bank USA, N.A.
NMLS #399799
6.218%
30-Year Fixed
6.125%
$4,111
Includes 0.696 points for $2,784
Lender Fees: $1,327
$2,431 /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.

1 year Treasury indexed adjustable rates averaged 3.23 percent for the week ending March 3, 2011, up from the prior week’s average 1 year adjustable home mortgage rate of 3.40 percent. Average mortgage points on 1 year adjustable home loans were 0.6 points, unchanged from the prior week.

 
Author: Brian McKay
March 3rd, 2011

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