Mortgage Rates Mixed in Mortgage Survey: 30 Year Mortgage Rates at 4.74% and 15 Year Mortgage Rates at 4.05%

Mortgage rates are mixed in the most recently mortgage survey released this morning. Fixed conforming 30 year mortgage rates are averaging 4.74 percent with 0.8 mortgage discount points for the week ending January 20, 2011, up from the previous week’s average rate of 4.71 percent. 15 year conforming mortgage interest rates are averaging 4.05 percent with 0.8 points for the week ending January 20, 2011, down from the previous week’s  survey when rates on 15 year mortgages averaged 4.08 percent with 0.7 mortgage points.

Also in the Primary Mortgage Market Survey released today by Freddie Mac 5 year Treasury indexed adjustable mortgage loan rates averaged 3.69 percent for the week ending January 20, 2011, down from the previous week’s average 5 year adjustable home mortgage rate of 3.72 percent. Average mortgage discount points on 5 year adjustable home mortgages was 0.7 points, unchanged from the previous week’s average.

1 year U.S. Treasury indexed adjustable home loan rates averaged 3.25 percent for the week ending January 20, 2011, up 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 was 0.6 points, unchanged from the prior week’s average.