Mortgage Rates MBA: 30 Year Mortgage Rates at 4.28%, 15 Year Mortgage Rates at 3.64%
Home mortgage rates are unchanged in the latest mortgage survey released this morning by the Mortgage Bankers Association (MBA). 30 year fixed mortgage rates are averaging 4.28 percent for the week ending November 5, 2010, unchanged from the prior week's average 30 year mortgage rate. Average mortgage discount points on 30 year home mortgage loans decreased to 1.05 points, down from the prior week’s average of 1.07 points.
15 year home mortgage rates are averaging 3.64 percent for the week ending November 5, 2010, unchanged from the previous week's average 15 year home mortgage rate. Average mortgage discount points on 15 year home mortgage loans was 1.08 points, unchanged from the previous week’s average.
Although mortgage rates were unchanged in the latest mortgage survey mortgage applications increased. The MBA's Market Composite Index, which is a measure of mortgage application volume, increased 5.8 percent on a seasonally adjusted bases from one week earlier.
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