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Mortgage Rates Hit Record Low: 30 Year Mortgage Rates at 4.69%, 15 Year Mortgage Rates at 4.13%

mortgage-rates-hit-record-low-30-year-mortgage-rates-at-469-15-year-mortgage-rates-at-413Mortgage rates hit a record low (except 1 year ARMs) in the most recent Primary Mortgage Market Survey released by Freddie Mac yesterday morning. 30 year fixed conforming mortgage rates are down to 4.69 percent for the week ending June 24, 2010, a decline from the previous week’s average 30 year mortgage rate of 4.75 percent. Mortgage discount points remained unchanged at 0.7 points.

Use our mortgage rate tables at MortgageRates.MonitorBankRates.com to find current mortgage rates in your state. Unlike most websites, no personal information is needed for a list of mortgage rates.



15 year fixed conforming mortgage rates are also for the week ending June 24, 2010. 15 year mortgage rates are averaging at 4.13 percent, a decline from the prior week’s average 15 year mortgage rate of 4.20 percent. Mortgage discount points averaged 0.6 points, down from the prior week's average of 0.7 points.

5 year U.S Treasury indexed adjustable rate mortgages are aks0 down for the week ending June 24, 2010. 5 year adjustable mortgage interest rates are averaging 3.84 percent, a decline from last week’s average 5 year adjustable mortgage interest rate of 3.89 percent. Mortgage points were unchanged at 0.7 points.

1 year U.S Treasury indexed adjustable mortgage rates averaged 3.77 percent for the week ending June 24, 2010, down from the prior week’s average 1 year adjustable mortgage rate of 3.82 percent. Mortgage points averaged o.7 points, up from last week's average of 0.6 points.
 
Author: Brian McKay
June 25th, 2010