Fixed Mortgage Rates and Adjustable Mortgage Rates Higher 3-31: 30 Year Mortgage Rates at 4.86%

Fixed conforming mortgage rates and adjustable conforming mortgage rates are higher in the most recent mortgage rate survey released this morning. In this week's Primary Mortgage Market Survey released by Freddie Mac fixed conforming 30 year mortgage rates are averaging 4.86 percent with 0.7 discount points for the week ending March 31, 2011. 30 year rates are up from 4.81 percent with 0.7 points in the prior week’s survey.

Fixed conforming 15 year mortgage rates averaging above 4.09 percent with 0.7 points for the week ending March 31, 2011. In the previous week's survey 15 year rates averaged 4.04 percent with 0.7 points.

5 year Treasury-indexed adjustable mortgage rates averaged 3.70 percent with 0.7 points for the week ending March 31, 2011, up from the previous week’s average 5 year adjustable interest rate of 3.62 percent with 0.6 points.

1 year U.S. Treasury indexed adjustable loan rates averaged 3.26 percent with 0.6 points for the week ending March 31, 2011, up from the prior week’s average 1 year adjustable home mortgage rate of 3.21 percent with 0.6 points.