Mortgage Rates May 12: Today’s Mortgage Rates Near Low for 2011 in Monitor Bank Rates Mortgage Survey

Mortgage Rates

Today's mortgage rates are still near lows for 2011 in our mortgage rate survey. Conforming 30 year mortgage rates are averaging 4.64%, a slight increase from yesterday's average 30 year mortgage rate of 4.61%.

Conforming 15 year mortgage rates are lower today. Current 15 year rates are averaging 3.86%, down from yesterday's average mortgage rate of 3.87%.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Pure Rate Mortgage
NMLS #2578474
5.413%
15-Year Fixed
5.250%
$4,282
Includes 0.808 points for $3,232
Lender Fees: $1,050
$3,216 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
5.418%
15-Year Fixed
5.250%
$4,585
Includes 0.658 points for $2,632
Lender Fees: $1,953
$3,216 /mo
PenFed Credit Union
NMLS #401822
5.478%
15-Year Fixed
5.250%
$6,000
Includes 0.500 points for $2,000
Lender Fees: $4,000
$3,216 /mo
Allied Mortgage Group, Inc.
NMLS #1067
5.478%
15-Year Fixed
5.375%
$2,676
Includes 0.669 points for $2,676
Lender Fees: $0
$3,242 /mo
Bison State Bank
NMLS #757416
5.494%
15-Year Fixed
5.375%
$3,112
Includes 0.778 points for $3,112
Lender Fees: $0
$3,242 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.515%
15-Year Fixed
5.375%
$3,660
Includes 0.740 points for $2,960
Lender Fees: $700
$3,242 /mo
Allied Mortgage Group, Inc.
NMLS #1067
6.210%
30-Year Fixed
6.125%
$3,628
Includes 0.907 points for $3,628
Lender Fees: $0
$2,431 /mo
Pure Rate Mortgage
NMLS #2578474
6.325%
30-Year Fixed
6.250%
$3,150
Includes 0.525 points for $2,100
Lender Fees: $1,050
$2,463 /mo
Bison State Bank
NMLS #757416
6.332%
30-Year Fixed
6.250%
$3,460
Includes 0.865 points for $3,460
Lender Fees: $0
$2,463 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.375%
5-Year ARM
6.250%
$5,489
Includes 0.884 points for $3,536
Lender Fees: $1,953
$2,463 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.454%
30-Year Fixed
6.375%
$3,336
Includes 0.659 points for $2,636
Lender Fees: $700
$2,496 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.470%
30-Year Fixed
6.375%
$4,165
Includes 0.553 points for $2,212
Lender Fees: $1,953
$2,496 /mo
PenFed Credit Union
NMLS #401822
6.506%
30-Year Fixed
6.375%
$5,495
Includes 0.875 points for $3,500
Lender Fees: $1,995
$2,496 /mo
Rocket Mortgage
NMLS #3030
6.658%
15-Year Fixed
6.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,485 /mo
Rocket Mortgage
NMLS #3030
7.338%
30-Year Fixed
7.250%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,729 /mo
Rate data provided by RateUpdate.com. Displayed by ICB, a division of 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.

Search our home loan rate tables at Mortgage-Rates for the best mortgage rates in your state.

30 year jumbo mortgage rates increased 13 basis points to 5.21%. 30 year jumbo rates have fallen for the past month and looked to break 5.00% but have since increased the past couple of days.

Jumbo 15 year mortgage rates are slightly higher today. Current 15 year jumbo interest rates are averaging 4.44%, an increase from yesterday's average 15 year jumbo rate of 4.42%.

Average mortgage rates are as reported by Monitor Bank Rates.

 
Author: Brian McKay
May 12th, 2011

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