Mortgage Rates Make New Record Low Says Freddie: 30 Year Mortgage Rates at 4.36%, 15 Year Mortgage Rates at 3.86%

Mortgage rates made another record low in the most recent mortgage rate report released yesterday. Both 30 year mortgage rates and 15 year mortgage rates made fresh lows in Freddie Mac's Primary Mortgage Market Survey for the week ending August 26, 2010. Current 5 year adjustable mortgage rates tied an all-time low set the prior week.

30 year mortgage rates are averaging 4.36 percent for the week ending August 26, 2010, down from the previous week’s average 30 year mortgage rate of 4.42 percent. Average mortgage discount points on 30 year home mortgages remained unchanged at 0.7 points. A year ago average 30 year mortgage rates were above 5.00 percent at 5.14 percent.

15 year mortgage rates are averaging 3.86 percent for the week ending August 26, 2010, a decline from the prior week’s average of 15 year mortgage interest rate of 3.90 percent. Mortgage discount points on 15 year mortgages remained unchanged at 0.6 mortgage points. A year ago 15 year mortgage rates were averaging 4.58 percent.

Loan Type

Purchase Refinance with Cash out Refinance

State

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FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

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LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

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The lenders whose rates and other terms appear on this chart are MRC's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #2473786

5.015%

15-Year Fixed

4.875%

$3,723

Includes 0.657 points for $2,628

Lender Fees: $1,095

$3,138 /mo

Next >

NMLS #757416

5.121%

15-Year Fixed

4.990%

$3,472

Includes 0.868 points for $3,472

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1025894

5.175%

15-Year Fixed

5.000%

$4,628

Includes 0.982 points for $3,928

Lender Fees: $700

$3,164 /mo

Next >

NMLS #2473786

5.340%

5-Year ARM

5.250%

$4,059

Includes 0.741 points for $2,964

Lender Fees: $1,095

$2,209 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.418%

15-Year Fixed

5.250%

$4,463

Includes 0.839 points for $3,356

Lender Fees: $1,107

$3,216 /mo

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NMLS #2473786

5.838%

30-Year Fixed

5.750%

$3,843

Includes 0.687 points for $2,748

Lender Fees: $1,095

$2,335 /mo

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NMLS #757416

5.936%

30-Year Fixed

5.875%

$2,664

Includes 0.666 points for $2,664

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1025894

5.959%

30-Year Fixed

5.875%

$3,620

Includes 0.730 points for $2,920

Lender Fees: $700

$2,367 /mo

Next >

NMLS #399799

6.106%

30-Year Fixed

6.000%

$4,703

Includes 0.844 points for $3,376

Lender Fees: $1,327

$2,399 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.222%

30-Year Fixed

6.125%

$4,183

Includes 0.769 points for $3,076

Lender Fees: $1,107

$2,431 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.357%

5-Year ARM

6.250%

$4,595

Includes 0.872 points for $3,488

Lender Fees: $1,107

$2,463 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

5 year Treasury indexed adjustable mortgage rates remain at the lowest point ever recorded in Freddie's mortgage rate suvery. 5 year U.S. Treasury indexed adjustable mortgage rates are averaging 3.56 percent for the week ending August 26, 2010, no change from the previous week's average 5 year adjustable mortgage interest rate. Mortgage discount points on 5 year adjustable mortgages declined to 0.6 points, down from the previous week’s average of 0.7 points.

1 year Treasury indexed adjustable mortgage rates are averaging 3.52 percent for the week ending August 26, 2010, a decline from the previous week’s average 1 year adjustable mortgage rate of 3.53 percent. Average mortgage discount points were 0.7 points, unchanged from the previous week’s average.