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Mortgage Rates Make New Lows This Week: 30 Year Mortgage Rates at 4.17%, 15 Year Mortgage Rates at 3.57% – Freddie Mac

Long term conforming mortgage rates made new lows in this week’s mortgage survey released by Freddie Mac (OTC: FMCC). Fixed conforming 30 year home mortgage rates, fixed conforming 15 year home mortgage rates and 5 year adjustable mortgage rates all hit new lows in this week's Primary Mortgage Market Survey. 1 year adjustable mortgage rates were unchanged in this week's survey.

Conforming fixed 30 year home mortgage rates are averaging 4.17 percent for the week ending November 11, 2010, down from the previous week’s average 30 year home mortgage  rate of 4.24 percent. Average mortgage discount points on 30 year home mortgage loans was 0.8 points, unchanged change from the prior week’s survey.

Conforming fixed 15 year home mortgage rates are averaging 3.57 percent for the week ending November 11, 2010, down from the prior week’s average 15 year home mortgage rate of 3.63 percent. Average mortgage discount points on 15 year home loans was 0.8 points, up from the prior week’s average of 0.7 points.

5 year U.S. Treasury indexed adjustable mortgage rates averaged 3.25 percent for the week ending November 11, 2010, down from the previous week’s average 5 year adjustable home mortgage rate of 3.39 percent. Average mortgage discount points on 5 year adjustable home mortgages was 0.7 points, up from the previous week's average of 0.6 points.

1 year Treasury indexed adjustable home mortgage loan rates averaged 3.26 percent for the week ending November 11, 2010, unchanged from the prior week’s average 1 year adjustable home mortgage rate. Average mortgage points on 1 year adjustable home loans was 0.7 points.
Author: Brian McKay
November 12th, 2010