Current Mortgage Rates Decline: 30 Year Mortgage Rates at 5.07

Mortgage rates declined in the most recent Primary Mortgage Market Survey released yesterday by Freddie Mac. The current average conforming fixed 30 year mortgage rate is at 5.07 percent for the week ending April 15, 2010, a decline from the previous week’s average mortgage rate of 5.21 percent. Mortgage discount points averaged 0.6 points, unchanged from the prior week's average.

Looking for today's mortgage rates and refinance rates? Search our rate tables: MortgageRates.MonitorBankRates.com

15 year fixed mortgage rates also declined for the week ending April 15, 2010. The current average fixed conforming 15 year mortgage rate is back under 4.50 percent at 4.40 percent, down from the previous week’s average rate of 4.52 percent.  Mortgage discount points averaged 0.7 points.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

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The lenders whose rates and other terms appear on this chart are MRC's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #135622

4.762%

15-Year Fixed

4.500%

$7,035

Includes 0.760 points for $3,040

Lender Fees: $3,995

$3,060 /mo

Next >

NMLS #2473786

4.808%

15-Year Fixed

4.625%

$4,883

Includes 0.947 points for $3,788

Lender Fees: $1,095

$3,086 /mo

Next >

NMLS #2059741

4.888%

15-Year Fixed

4.750%

$3,684

Includes 0.921 points for $3,684

Lender Fees: $0

$3,112 /mo

Next >

NMLS #135622

4.914%

5-Year ARM

4.750%

$7,635

Includes 0.910 points for $3,640

Lender Fees: $3,995

$2,087 /mo

Next >

NMLS #1067

5.008%

15-Year Fixed

4.875%

$3,520

Includes 0.880 points for $3,520

Lender Fees: $0

$3,138 /mo

Next >

NMLS #757416

5.019%

15-Year Fixed

4.875%

$3,816

Includes 0.954 points for $3,816

Lender Fees: $0

$3,138 /mo

Next >

NMLS #1025894

5.078%

15-Year Fixed

4.875%

$5,404

Includes 0.851 points for $3,404

Lender Fees: $2,000

$3,138 /mo

Next >

NMLS #2473786

5.088%

5-Year ARM

5.000%

$4,031

Includes 0.734 points for $2,936

Lender Fees: $1,095

$2,148 /mo

Next >

NMLS #1928741

5.098%

15-Year Fixed

4.990%

$2,840

Includes 0.710 points for $2,840

Lender Fees: $0

$3,162 /mo

Next >

NMLS #6606

5.386%

15-Year Fixed

5.240%

$3,820

Includes 0.955 points for $3,820

Lender Fees: $0

$3,214 /mo

Next >

NMLS #135622

5.636%

30-Year Fixed

5.500%

$6,035

Includes 0.510 points for $2,040

Lender Fees: $3,995

$2,272 /mo

Next >

NMLS #2473786

5.702%

30-Year Fixed

5.625%

$3,367

Includes 0.568 points for $2,272

Lender Fees: $1,095

$2,303 /mo

Next >

NMLS #2059741

5.714%

30-Year Fixed

5.625%

$3,936

Includes 0.984 points for $3,936

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1025894

5.760%

30-Year Fixed

5.625%

$5,924

Includes 0.981 points for $3,924

Lender Fees: $2,000

$2,303 /mo

Next >

NMLS #757416

5.829%

30-Year Fixed

5.750%

$3,448

Includes 0.862 points for $3,448

Lender Fees: $0

$2,335 /mo

Next >

NMLS #1067

5.921%

30-Year Fixed

5.875%

$1,992

Includes 0.498 points for $1,992

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1928741

5.926%

30-Year Fixed

5.875%

$2,208

Includes 0.552 points for $2,208

Lender Fees: $0

$2,367 /mo

Next >

NMLS #6606

6.091%

30-Year Fixed

6.000%

$3,892

Includes 0.973 points for $3,892

Lender Fees: $0

$2,399 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by 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.

Adjustable mortgage rates also decreased this week over last. The current average 5 year Treasury-indexed adjustable mortgage rate decreased to 4.08 percent, down from last week’s average mortgage interest rate of 4.25 percent. Mortgage points averaged 0.6 points. A year ago at this time, 5 year adjustable rate mortgages were 4.88 percent.

1 year adjustable mortgage rates were down slightly this week to 4.13 percent, down from last week's average 1 year mortgage interest rate of 4.14 percent. Discount points averaged o.5 points, down from last week's average of 0.6 points.