Mortgage Rates Higher, 30 Year Mortgage Rate at 4.83%, 1 Year Adjustable Mortgage Rates at 6.96%Mortgage rates were mixed in the latest Weekly Mortgage Application Survey released yesterday morning by the MBA. The current average contract 30 year mortgage rate increased to 4.83 percent for the week ending May 28, 2010, up from the previous week’s average mortgage rate of 4.80 percent. Average mortgage discount points decreased to 1.05 points, down from the prior week's average of 1.08 points. 15 year mortgage rates declined slightly for the week ending May 28, 2010. The average contract mortgage rate for 15 year mortgages decreased to 4.24 percent, down from an average 15 year mortgage interest rate of 4.25 percent on May 21, 2010. Mortgage discount points increased to 1.11 points, up from the previous week's average of 1.00 points. 1 year adjustable mortgage rates were also up for the week ending May 28, 2010. The average contract 1 year adjustable mortgage rate was 6.96 percent, up from the prior week’s average adjustable mortgage interest rate of 6.84 percent. Average mortgage points decreased to 0.27 points, down from the prior week’s average of .038 points. Lender
APR / Rate
Fees / Points
Payment
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$3,242 /mo
$2,408
Includes 0.602 points for $2,408
Lender Fees: $0
$3,322 /mo
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
$3,295 /mo
$3,644
Includes 0.911 points for $3,644
Lender Fees: $0
$3,374 /mo
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$2,496 /mo
$3,124
Includes 0.781 points for $3,124
Lender Fees: $0
$2,561 /mo
$3,828
Includes 0.957 points for $3,828
Lender Fees: $0
$2,592 /mo
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,628 /mo
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,568 /mo
$5,804
Includes 0.951 points for $3,804
Lender Fees: $2,000
$2,662 /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.
Low mortgage rates continue to help the refinance market. Mortgage refinance applications were up for the fourth consecutive week. The Refinance Index which measures mortgage applications for home refinancing was up 2.4 percent from the prior week. Explore Other Mortgage and Refinance Offers
Mortgage Rates Higher, 30 Year Mortgage Rate at 4.83%, 1 Year Adjustable Mortgage Rates at 6.96%
Refi: A Second Chance to Refi
30 Year Mortgage Rates Finish 2012 Near Historic Lows
2010 Year End Home Mortgage Rates and Refinance Rates: 30 Year Mortgage Rates and Refinance Rates Averaging 4.81%
Mortgage Rates Higher Again This Week: 30 Year Refinance Rates and Mortgage Rates at 4.28%, 15 Year Rates hit 3.78%
Mortgage Rates Higher This Week: 30 Year Mortgage Rates at 4.68%, 15 Year Mortgage Rates at 4.11%
Mortgage Rates Near 2010 High: Current 30 year Mortgage Rates at 5.17%
Current Mortgage Rates: 30 Year Mortgage Rates at 4.94% and 15 Year Mortgage Rates at 4.39%
Mortgage Rates: 30 Year Mortgage Rates Head Back Down Towards 5.00%
Mortgage Rates: Today's Mortgage Rates Up According to the MBA
|