Fixed Mortgage Rates and Adjustable Mortgage Rates Increase: 30 Year Mortgage Rates Above 5.00%

Fixed mortgage rates and adjustable mortgage rates all increased in the latest mortgage survey released this morning. In Freddie Mac’s Primary Mortgage Market Survey, conforming fixed 30 year mortgage rates are now back above 5.00 percent at 5.05 percent for the first time since April 2010. Average mortgage discount points on 30 year mortgages for the week ending February 10, 2011, was 0.7 points, down from the previous week’s average of 0.8 points. Fixed conforming 15 year mortgage rates averaged 4.29 percent with 0.7 points for the week ending February 10, 2011, an increase from the previous week’s survey when rates on 15 year mortgages averaged 4.08 percent with 0.8 mortgage points.

Today's 5 year Treasury indexed adjustable mortgage rates averaged 3.92 percent for the week ending February 10, 2011, up considerably from the previous week’s average 5 year adjustable home mortgage rate of 3.69 percent. Average mortgage discount points on 5 year adjustable mortgages was 0.6 points, down from the previous week’s average of 0.7 points.

1 year Treasury indexed adjustable rates averaged 3.35 percent for the week ending February 10, 2011, up from the prior week’s average 1 year adjustable home mortgage rate of 3.26 percent. Average mortgage points on 1 year adjustable home loans was 0.6 points, unchanged from the prior week’s average.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Loan Pronto
NMLS #1661781
5.760%
15-Year Fixed
5.625%
$3,673
Includes 0.625 points for $2,500
Lender Fees: $1,173
$3,295 /mo
Bison State Bank
NMLS #757416
5.868%
15-Year Fixed
5.750%
$3,060
Includes 0.765 points for $3,060
Lender Fees: $0
$3,322 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.886%
15-Year Fixed
5.750%
$3,512
Includes 0.703 points for $2,812
Lender Fees: $700
$3,322 /mo
Allied Mortgage Group, Inc.
NMLS #1067
5.891%
15-Year Fixed
5.750%
$3,652
Includes 0.913 points for $3,652
Lender Fees: $0
$3,322 /mo
Rocket Mortgage
NMLS #3030
6.532%
15-Year Fixed
6.375%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,458 /mo
Loan Pronto
NMLS #1661781
6.620%
30-Year Fixed
6.500%
$5,173
Includes 1.000 points for $4,000
Lender Fees: $1,173
$2,529 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.735%
30-Year Fixed
6.625%
$4,564
Includes 0.966 points for $3,864
Lender Fees: $700
$2,562 /mo
Bison State Bank
NMLS #757416
6.822%
30-Year Fixed
6.750%
$2,968
Includes 0.742 points for $2,968
Lender Fees: $0
$2,595 /mo
Allied Mortgage Group, Inc.
NMLS #1067
6.838%
30-Year Fixed
6.750%
$3,620
Includes 0.905 points for $3,620
Lender Fees: $0
$2,595 /mo
Loan Pronto
NMLS #1661781
7.244%
5-Year ARM
7.125%
$4,977
Includes 0.951 points for $3,804
Lender Fees: $1,173
$2,695 /mo
Rocket Mortgage
NMLS #3030
7.338%
30-Year Fixed
7.250%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,729 /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.
 
Author: Brian McKay
February 10th, 2011

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