Fixed Conforming Mortgage Rates Decline in Mortgage Survey: 30 Year Mortgage Rates 4.81%, 15 Year Mortgage Rate 4.17%: Freddie Mac

Fixed term conforming mortgage rates and 5 year adjustable mortgage rates were slightly lower in this week's Primary Mortgage Market Survey released by Freddie Mac. This is the first time in six weeks fixed mortgage rates declined. 30 year mortgage rates are averaging 4.81 percent with 0.7 mortgage discount points for the week ending December 23, 2010, down from the previous week's average of 4.83 percent.

Current 15 year conforming mortgage rates are averaging 4.15 percent with 0.7 points for the week ending December 23, 2010, down from the previous week's average of 4.17 percent. 15 year mortgage rates have increased considerably since November 2010.

5 year U.S. Treasury indexed adjustable mortgage rates averaged 3.75 percent for the week ending December 23, 2010, down from the previous week’s average 5 year adjustable home mortgage rate of 3.77 percent. Average mortgage discount points on 5 year adjustable home mortgages was 0.6 points, down from the previous week’s average of 0.7 points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
5.353%
15-Year Fixed
5.125%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$3,190 /mo
PenFed Credit Union
NMLS #401822
5.554%
15-Year Fixed
5.250%
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
$3,216 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.634%
15-Year Fixed
5.490%
$3,760
Includes 0.765 points for $3,060
Lender Fees: $700
$3,267 /mo
New American Funding, LLC.
NMLS #6606
5.884%
15-Year Fixed
5.740%
$3,732
Includes 0.933 points for $3,732
Lender Fees: $0
$3,320 /mo
District Lending
NMLS #1835285
6.266%
30-Year Fixed
6.125%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$2,431 /mo
District Lending
NMLS #1835285
6.371%
5-Year ARM
6.250%
$5,112
Includes 0.778 points for $3,112
Lender Fees: $2,000
$2,463 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.582%
30-Year Fixed
6.490%
$3,856
Includes 0.789 points for $3,156
Lender Fees: $700
$2,526 /mo
New American Funding, LLC.
NMLS #6606
6.715%
30-Year Fixed
6.625%
$3,708
Includes 0.927 points for $3,708
Lender Fees: $0
$2,562 /mo
PenFed Credit Union
NMLS #401822
6.746%
30-Year Fixed
6.625%
$4,995
Includes 0.750 points for $3,000
Lender Fees: $1,995
$2,562 /mo
Rocket Mortgage
NMLS #3030
6.784%
15-Year Fixed
6.625%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,512 /mo
Rocket Mortgage
NMLS #3030
7.476%
30-Year Fixed
7.375%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,763 /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.

1 year U.S. Treasury indexed adjustable home mortgage loan rates averaged 3.40 percent for the week ending December 23, 2010, up from the prior week’s average 1 year adjustable home mortgage rate of 3.35 percent. Average mortgage points on 1 year adjustable home loans was 0.7 points, unchanged from the prior week's average.

 
Author: Brian McKay
December 23rd, 2010

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