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Mortgage Rates March 10, 2011: 30 Year Mortgage Rates at 4.88%, 15 Year Mortgage Rates at 4.15%

Mortgage rates are mixed in the latest mortgage rate survey released this morning. In the most recent Primary Mortgage Market Survey released by Freddie Mac,  fixed conforming 30 year mortgage rates are averaging 4.88 percent with 0.7 mortgage discount points for the week ending March 10, 2011, a slight increase from the previous week’s average of 4.87 percent with 0.7 points.

Fixed conforming 15 year mortgage rates are unchanged for the week ending March 10, 2011. Current 15 year mortgage rates are averaging 4.15 percent with 0.7 mortgage discount points.



5 year U.S. Treasury-indexed adjustable mortgage rates averaged 3.73 percent for the week ending March 10, 2011, a slight increase from the previous week’s average 5 year adjustable home mortgage rate of 3.72 percent. Average mortgage discount points on 5 year adjustable mortgages were 0.6 points, unchanged from the prior week’s average.

1 year Treasury indexed adjustable rates averaged 3.21 percent for the week ending March 10, 2011, down from the prior week’s average 1 year adjustable home mortgage rate of 3.23 percent. Average mortgage points on 1 year adjustable home loans were 0.5 points, down from the prior week's average of 0.6 points.
 
Author: Brian McKay
March 10th, 2011