15 Year Mortgage Rates Under 4.50%

Mortgage rates dropped again this past week. Rates for 15-year mortgages are now under 4.50 percent and 30-year mortgage rates stayed under 5 percent. Freddie Mac's survey this week showed rates for 30-year fixed rate mortgages fell 0.6 percent to 4.82 percent from 4.88 percent. Mortgage rates for 15-year fixed rate mortgages also fell from 4.54 percent to 4.48 percent. Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 4.88 percent this week, down from last week when it averaged 4.93 percent. For one-year Treasury-indexed ARMs average rate went up this past week to 4.91 percent from last week's average of 4.83 percent.

Freddie Mac's vice president Frank Nothaft had the following comments "Mortgage rates on fixed-rate loans and some ARM products eased this week. "The housing industry is starting to exhibit some positive signs, albeit scarce and too early to tell how permanent".

Loan Term
Show Advertiser Disclosure
Lender
APR / Rate
Fees / Points
Payment
Bison State Bank
NMLS #757416
5.648%
15-Year Fixed
5.500%
$3,848
Includes 0.962 points for $3,848
Lender Fees: $0
$3,269 /mo
Next >
Allied Mortgage Group, Inc.
NMLS #1067
5.735%
15-Year Fixed
5.625%
$2,848
Includes 0.712 points for $2,848
Lender Fees: $0
$3,295 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.774%
15-Year Fixed
5.625%
$3,856
Includes 0.789 points for $3,156
Lender Fees: $700
$3,295 /mo
Next >
Allied Mortgage Group, Inc.
NMLS #1067
6.708%
30-Year Fixed
6.625%
$3,440
Includes 0.860 points for $3,440
Lender Fees: $0
$2,562 /mo
Next >
Bison State Bank
NMLS #757416
6.713%
30-Year Fixed
6.625%
$3,660
Includes 0.915 points for $3,660
Lender Fees: $0
$2,562 /mo
Next >
Home Simply
NMLS #2473786
6.735%
30-Year Fixed
6.624%
$4,611
Includes 0.879 points for $3,516
Lender Fees: $1,095
$2,561 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.739%
30-Year Fixed
6.625%
$4,696
Includes 0.999 points for $3,996
Lender Fees: $700
$2,562 /mo
Next >
HSBC Bank USA, N.A.
NMLS #399799
6.872%
30-Year Fixed
6.750%
$5,180
Includes 0.963 points for $3,852
Lender Fees: $1,328
$2,595 /mo
Next >
PenFed Credit Union
NMLS #401822
6.884%
30-Year Fixed
6.750%
$5,495
Includes 0.875 points for $3,500
Lender Fees: $1,995
$2,595 /mo
Next >
Rocket Mortgage
NMLS #3030
6.889%
15-Year Fixed
6.750%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,540 /mo
Next >
Rocket Mortgage
NMLS #3030
7.602%
30-Year Fixed
7.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,797 /mo
Next >
PenFed Credit Union
NMLS #401822
7.804%
15-Year Fixed
7.500%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
$3,709 /mo
Next >
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.
 
Author: Brian McKay
April 16th, 2009

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