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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
Show Advertiser Disclosure
Lender
APR / Rate
Fees / Points
Payment
Different Mortgage
NMLS #324599
License: 324599
5.045%
15-Year Fixed
4.875%
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$3,138 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.188%
15-Year Fixed
4.990%
$5,248
Includes 0.812 points for $3,248
Lender Fees: $2,000
$3,162 /mo
Next >
Different Mortgage
NMLS #324599
License: 324599
5.853%
30-Year Fixed
5.750%
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$2,335 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.967%
30-Year Fixed
5.875%
$3,972
Includes 0.493 points for $1,972
Lender Fees: $2,000
$2,367 /mo
Next >
Different Mortgage
NMLS #324599
License: 324599
6.229%
5-Year ARM
6.125%
$4,506
Includes 0.859 points for $3,436
Lender Fees: $1,070
$2,431 /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.

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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