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Mortgage Rates Lower on St. Patrick’s Day: 30 Year Mortgage Rates at 4.76%, 15 Year Mortgage Rates at 3.97%

Mortgage rates are lower in the most recent mortgage rate survey released on St. Patrick's Day. Fixed conforming 30 year mortgage rates are averaging 4.76 percent with 0.7 discount points for the week ending March 17, 2011. 30 year rates are down from last week's average of 4.88 percent with 0.7 mortgage points.

Fixed conforming 15 year mortgage rates are also lower in this week's Primary Mortgage Market Survey released by Freddie Mac. Fixed conforming 15 year mortgage rates are back under 4.00 percent, averaging 3.97 percent with 0.7 points for the week ending March 17, 2011. Last week's survey saw 15 year mortgage rates at 4.15 percent with 0.7 points.



5 year Treasury indexed adjustable mortgage rates averaged 3.57 percent with 0.6 points for the week ending March 17, 2011, down from the previous week’s average 5 year adjustable home mortgage rate of 3.73 percent with 0.6 points.

1 year Treasury-indexed adjustable rates averaged 3.17 percent with 0.6 points for the week ending March 17, 2011, down from the prior week’s average 1 year adjustable home mortgage rate of 3.21 percent with 0.6 points.
 
Author: Brian McKay
March 17th, 2011