Mortgage Rates Headed Up – Unemployment Headed Down
As a result of better unemployment picture, banks are now offering conforming fixed-rate 30-year mortgages above 5.50 percent, up from rates of 5.25 percent earlier this week. Current mortgage rates are not much higher than the low mortgage rates set last month around 5.00 percent. You can also buy mortgage rates down buy paying points, the more points (discount points) you pay the lower the mortgage rate will be. Mortgage rates will still probably stay low for awhile since inflation isn't a threat with the high unemployment rate. The government still realizes the housing market still doesn't have legs to stand on. As for the unemployment numbers the U.S. non-farm payroll dropped another 247,000 jobs in July, which is lower than the average loss of 331,000 jobs in the past three months. Lender
APR / Rate
Fees / Points
Payment
 NMLS #2006915
License: 60DBO-149268
5.582%
15-Year Fixed
5.375%
$5,417
Includes 0.868 points for $3,472
Lender Fees: $1,945
$3,242 /mo
 NMLS #1835285
5.645%
15-Year Fixed
5.500%
$3,772
Includes 0.943 points for $3,772
Lender Fees: $0
$3,269 /mo
 NMLS #401822
5.661%
15-Year Fixed
5.375%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
$3,242 /mo
 NMLS #1025894
5.667%
15-Year Fixed
5.490%
$4,616
Includes 0.979 points for $3,916
Lender Fees: $700
$3,267 /mo
 NMLS #2326098
License: 60DBO-181478
5.674%
15-Year Fixed
5.500%
$4,725
Includes 0.693 points for $2,772
Lender Fees: $1,953
$3,269 /mo
 NMLS #2059741
5.728%
15-Year Fixed
5.500%
$5,960
Includes 0.990 points for $3,960
Lender Fees: $2,000
$3,269 /mo
 NMLS #757416
5.746%
15-Year Fixed
5.625%
$3,136
Includes 0.784 points for $3,136
Lender Fees: $0
$3,295 /mo
 NMLS #2627028
5.782%
15-Year Fixed
5.625%
$4,171
Includes 0.720 points for $2,880
Lender Fees: $1,291
$3,295 /mo
 NMLS #1701910
5.808%
15-Year Fixed
5.750%
$1,490
Includes 0.000 points for $0
Lender Fees: $1,490
$3,322 /mo
NMLS #2326098
License: 60DBO-181478
6.505%
5-Year ARM
6.375%
$5,641
Includes 0.922 points for $3,688
Lender Fees: $1,953
$2,496 /mo
NMLS #2006915
License: 60DBO-149268
6.507%
5-Year ARM
6.375%
$5,565
Includes 0.905 points for $3,620
Lender Fees: $1,945
$2,496 /mo
NMLS #1835285
6.572%
30-Year Fixed
6.500%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$2,529 /mo
NMLS #757416
6.589%
30-Year Fixed
6.500%
$3,696
Includes 0.924 points for $3,696
Lender Fees: $0
$2,529 /mo
NMLS #1835285
6.590%
5-Year ARM
6.500%
$3,740
Includes 0.935 points for $3,740
Lender Fees: $0
$2,529 /mo
NMLS #2006915
License: 60DBO-149268
6.618%
30-Year Fixed
6.500%
$4,945
Includes 0.750 points for $3,000
Lender Fees: $1,945
$2,529 /mo
NMLS #2059741
6.628%
30-Year Fixed
6.490%
$5,772
Includes 0.943 points for $3,772
Lender Fees: $2,000
$2,526 /mo
NMLS #1025894
6.727%
30-Year Fixed
6.625%
$4,204
Includes 0.876 points for $3,504
Lender Fees: $700
$2,562 /mo
 NMLS #399799
6.728%
30-Year Fixed
6.625%
$4,416
Includes 0.772 points for $3,088
Lender Fees: $1,328
$2,562 /mo
NMLS #2627028
6.729%
30-Year Fixed
6.625%
$4,391
Includes 0.775 points for $3,100
Lender Fees: $1,291
$2,562 /mo
NMLS #2326098
License: 60DBO-181478
6.740%
30-Year Fixed
6.625%
$4,941
Includes 0.747 points for $2,988
Lender Fees: $1,953
$2,562 /mo
NMLS #401822
6.758%
30-Year Fixed
6.625%
$5,495
Includes 0.875 points for $3,500
Lender Fees: $1,995
$2,562 /mo
NMLS #1701910
6.786%
30-Year Fixed
6.750%
$1,490
Includes 0.000 points for $0
Lender Fees: $1,490
$2,595 /mo
 NMLS #3030
6.889%
15-Year Fixed
6.750%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,540 /mo
NMLS #3030
7.602%
30-Year Fixed
7.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,797 /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.
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Mortgage rates jumped today after the Bureau of Labor Statistics said the unemployment rate was down to 9.4 percent in July compare to 9.5 percent in June, which surprised most economists who estimated the rate would go as high as 9.8 percent in July.
