Bitcoin tops 41,000. Check current cryptocurrency prices here:

Mortgage Rates Increase as Bond Yields Head Higher: 30 Year Mortgage Rates at 4.80%, 15 Year Mortgage Rates at 4.09%

Mortgage rates increased this week following bond yields higher. In Freddie Mac's Primary Mortgage Market Survey released today, fixed conforming 30 year mortgage rates averaged 4.80 percent with 0.7 mortgage points for the week ending January 27, 2011, up from the previous week’s average rate of 4.74 percent. 15 year conforming mortgage interest rates are averaging 4.09 percent with 0.7 points for the week ending January 27, 2011, an increase from the previous week’s survey when rates on 15 year mortgages averaged 4.05 percent with 0.7 mortgage points.

5 year Treasury indexed adjustable mortgage loan rates averaged 3.70 percent for the week ending January 27, 2011, up slightly from the previous week’s average 5 year adjustable home mortgage rate of 3.69 percent. Average mortgage discount points on 5 year adjustable home mortgages was 0.7 points, unchanged from the previous week’s average.

1 year U.S. Treasury indexed adjustable home loan rates averaged 3.26 percent for the week ending January 27, 2011, a slight increase from the prior week’s average 1 year adjustable home mortgage rate of 3.25 percent. Average mortgage points on 1 year adjustable home loans was 0.6 points, unchanged from the prior week’s average.
Author: Brian McKay
January 27th, 2011