Fixed Home Mortgage Rates Continue to Fall Feddie Mac: 30 Year Mortgage Rates at 4.27%, 15 Year Mortgage Rates at 3.72%

Fixed long term mortgage rates are lower in the most recent Primary Mortgage Market Survey released this morning by Freddie Mac. Fixed conforming 30 year home mortgage rates,  fixed conforming 15 year mortgage rates and 5 year adjustable mortgage rates all made record lows for the week ending October 7, 2010.

30 year fixed conforming home mortgage rates are averaging 4.27 percent for the week ending October 7, 2010, down from the previous week’s average 30 year home mortgage  rate of 4.32 percent. Average mortgage discount points on 30 year home mortgage loans was 0.8 points, unchanged from the prior week’s average.

15 year fixed conforming home mortgage rates are averaging 3.72 percent for the week ending October 7, 2010, down from the prior week’s average 15 year home mortgage rate of 3.75%. Average mortgage discount points on 15 year home loans was 0.7 points, unchanged from the previous week’s average.

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 #1085173

4.823%

15-Year Fixed

4.625%

$5,370

Includes 1.000 points for $4,000

Lender Fees: $1,370

$3,086 /mo

Next >

NMLS #2473786

4.888%

15-Year Fixed

4.750%

$3,671

Includes 0.644 points for $2,576

Lender Fees: $1,095

$3,112 /mo

Next >

NMLS #2126430

4.908%

15-Year Fixed

4.750%

$4,195

Includes 0.750 points for $3,000

Lender Fees: $1,195

$3,112 /mo

Next >

NMLS #135622

4.919%

15-Year Fixed

4.750%

$4,590

Includes 0.875 points for $3,500

Lender Fees: $1,090

$3,112 /mo

Next >

NMLS #2059741

4.963%

15-Year Fixed

4.750%

$5,668

Includes 0.917 points for $3,668

Lender Fees: $2,000

$3,112 /mo

Next >

NMLS #757416

5.011%

15-Year Fixed

4.875%

$3,596

Includes 0.899 points for $3,596

Lender Fees: $0

$3,138 /mo

Next >

NMLS #1067

5.014%

15-Year Fixed

4.875%

$3,688

Includes 0.922 points for $3,688

Lender Fees: $0

$3,138 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.050%

15-Year Fixed

4.875%

$4,695

Includes 0.897 points for $3,588

Lender Fees: $1,107

$3,138 /mo

Next >

NMLS #1025894

5.076%

15-Year Fixed

4.875%

$5,340

Includes 0.835 points for $3,340

Lender Fees: $2,000

$3,138 /mo

Next >

NMLS #613839

5.081%

15-Year Fixed

4.875%

$5,471

Includes 0.896 points for $3,584

Lender Fees: $1,887

$3,138 /mo

Next >

NMLS #2473786

5.090%

5-Year ARM

5.000%

$4,119

Includes 0.756 points for $3,024

Lender Fees: $1,095

$2,148 /mo

Next >

NMLS #2126430

5.110%

5-Year ARM

5.000%

$5,119

Includes 0.956 points for $3,824

Lender Fees: $1,295

$2,148 /mo

Next >

NMLS #1312186

5.239%

15-Year Fixed

5.125%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$3,190 /mo

Next >

NMLS #6606

5.392%

15-Year Fixed

5.240%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,214 /mo

Next >

NMLS #1085173

5.476%

5-Year ARM

5.375%

$4,594

Includes 0.806 points for $3,224

Lender Fees: $1,370

$2,240 /mo

Next >

NMLS #1312186

5.573%

5-Year ARM

5.500%

$3,260

Includes 0.815 points for $3,260

Lender Fees: $0

$2,272 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.609%

5-Year ARM

5.500%

$4,903

Includes 0.949 points for $3,796

Lender Fees: $1,107

$2,272 /mo

Next >

NMLS #2473786

5.705%

30-Year Fixed

5.625%

$3,499

Includes 0.601 points for $2,404

Lender Fees: $1,095

$2,303 /mo

Next >

NMLS #1085173

5.734%

30-Year Fixed

5.625%

$4,870

Includes 0.875 points for $3,500

Lender Fees: $1,370

$2,303 /mo

Next >

NMLS #2126430

5.743%

30-Year Fixed

5.625%

$5,195

Includes 1.000 points for $4,000

Lender Fees: $1,195

$2,303 /mo

Next >

NMLS #135622

5.830%

30-Year Fixed

5.750%

$3,590

Includes 0.625 points for $2,500

Lender Fees: $1,090

$2,335 /mo

Next >

NMLS #757416

5.830%

30-Year Fixed

5.750%

$3,480

Includes 0.870 points for $3,480

Lender Fees: $0

$2,335 /mo

Next >

NMLS #2059741

5.865%

30-Year Fixed

5.750%

$5,012

Includes 0.753 points for $3,012

Lender Fees: $2,000

$2,335 /mo

Next >

NMLS #1025894

5.874%

30-Year Fixed

5.750%

$5,400

Includes 0.850 points for $3,400

Lender Fees: $2,000

$2,335 /mo

Next >

NMLS #1067

5.924%

30-Year Fixed

5.875%

$2,116

Includes 0.529 points for $2,116

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1312186

5.956%

30-Year Fixed

5.875%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.961%

30-Year Fixed

5.875%

$3,767

Includes 0.665 points for $2,660

Lender Fees: $1,107

$2,367 /mo

Next >

NMLS #613839

5.973%

30-Year Fixed

5.875%

$4,259

Includes 0.593 points for $2,372

Lender Fees: $1,887

$2,367 /mo

Next >

NMLS #6606

6.081%

30-Year Fixed

5.990%

$3,924

Includes 0.981 points for $3,924

Lender Fees: $0

$2,396 /mo

Next >

NMLS #399799

6.096%

30-Year Fixed

6.000%

$4,268

Includes 0.735 points for $2,940

Lender Fees: $1,328

$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.

5 year Treasury indexed adjustable mortgage rates averaged 3.47 percent for the week ending October 7, 2010, down the previous week’s average 5 year adjustable home mortgage rate of  3.52 percent. Average mortgage discount points on 5 year adjustable home mortgages was unchanged at 0.6 points.

1 year U.S Treasury indexed adjustable home mortgage loan rates averaged 3.40 percent for the week ending October 7, 2010, down from the prior week’s average 1 year adjustable home mortgage rate of 3.48 percent.  Average mortgage points on 1 year adjustable home loans was 0.7 points, unchanged from the prior week’s average.