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Mortgage Rates Increase for the Fourth Consecutive Week: 30 Year Mortgage Rates at 4.61%: Freddie Mac

For the fourth consecutive week mortgage rates are higher in the most recent mortgage rates survey released yesterday morning by Freddie Mac. Fixed long term mortgage rates and short term adjustable mortgage rates are all higher in the Primary Mortgage Market Survey for the week ending December 9, 2010. Conforming fixed 30 year home mortgage rates are averaging 4.61 percent for the week ending December 9, 2010, up from the previous week’s average 30 year home mortgage  rate of 4.46 percent. Average mortgage discount points on 30 year home mortgage loans was 0.7 points, down from the prior week’s survey of 0.8 points.

Conforming fixed 15 year home mortgage rates are averaging 3.96 percent for the week ending December 9, 2010, an increase from the prior week’s average 15 year home mortgage rate of 3.81 percent. Average mortgage discount points on 15 year home loans was 0.7 points, unchanged from the prior week’s average.



5 year Treasury indexed adjustable mortgage rates averaged 3.60 percent for the week ending December 9, 2010, up from the previous week’s average 5 year adjustable home mortgage rate of 3.46 percent. Average mortgage discount points on 5 year adjustable home mortgages was 0.6 points, unchanged from the previous week’s average.

1 year Treasury indexed adjustable home mortgage loan rates averaged 3.27 percent for the week ending December 9, 2010, up 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 previous week’s average.
 
Author: Brian McKay
December 9th, 2010