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Mortgage Rates: Fixed Mortgage Rates Up Slightly, 30 Year Mortgage Rates at 4.60%, 15 Year Mortgage Rates at 3.99%

Mortgage rates increased slightly in the most recent survey released yesterday morning by the Mortgage Bankers Association. Both 30 year mortgage rates and 15 year mortgage rates are up slightly from all-time lows set last week. 1 year adjustable rate mortgages decreased in this week's survey.

30 year mortgage rates increased to 4.60 percent for the week ending August 13, 2010, an increase from the previous week’s average contract 30 year mortgage rate of 4.57 percent. Mortgage discount points averaged 0.92 points, up from the prior week’s average of 0.89 percent.



15 year mortgage rates increased to 3.99 percent for the week ending August 13, 2010, an increase from last week’s average 15 year mortgage rate of 3.95 percent. Mortgage discount points on 15 year home loans decreased to 1.05 points, down from the previous week’s average of 1.08 points.

1 year adjustable mortgage rates were lower for the week ending August 13, 2010. The average contract adjustable mortgage rate on 1 year adjustable mortgages decreased to 6.90 percent, down from the previous week’s average 1 year adjustable rate mortgages averaged 7.00 percent. Mortgage discount points averaged 0.21 points, down from previous week’s average of 0.22 points.

You can search and compare today's mortgage rates in New York or any other state by using the mortgage rate tables on MonitorBankRates.com. We also offer mortgage rates widgets and a free mortgage calculator. The mortgage rate widgets are available for both national average mortgage rates and state average mortgage rates for all states.
 
Author: Brian McKay
August 19th, 2010