Fixed Mortgage Rates Head Higher Says MBA: 30 Year Fixed Mortgage Rates at 4.34%, 15 Year Fixed Mortgage Rates at 3.74%

Fixed mortgage rates are higher in the latest mortgage survey released by the Mortgage Bankers Association (MBA). 30 year fixed mortgage rates and 15 year fixed mortgage rates increased for the first time in six weeks in the Weekly Mortgage Applications Survey. 30 year fixed home mortgage rates increased to 4.34 percent for the week ending October 15, 2010, an increase from the previous week’s average of 4.21 percent. Average mortgage discount points on 30 year home mortgage loans decreased to 0.81 points, down from the prior week’s average of 1.02 points.

Fixed 15 year fixed home mortgage interest rates are averaging 3.74 percent for the week ending October 15, 2010, up from the previous week’s average 15 year home mortgage interest rate of 3.62 percent. Average mortgage discount points on 15 year home mortgage loan rates decreased to 1.00 points, down from the previous week’s average of 1.06 points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
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
5.667%
15-Year Fixed
5.490%
$4,600
Includes 0.975 points for $3,900
Lender Fees: $700
$3,267 /mo
New American Funding, LLC.
NMLS #6606
5.904%
15-Year Fixed
5.750%
$3,976
Includes 0.994 points for $3,976
Lender Fees: $0
$3,322 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.720%
30-Year Fixed
6.625%
$3,916
Includes 0.804 points for $3,216
Lender Fees: $700
$2,562 /mo
New American Funding, LLC.
NMLS #6606
6.844%
30-Year Fixed
6.750%
$3,880
Includes 0.970 points for $3,880
Lender Fees: $0
$2,595 /mo
Rocket Mortgage
NMLS #3030
6.869%
15-Year Fixed
6.750%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$3,540 /mo
PenFed Credit Union
NMLS #401822
6.884%
30-Year Fixed
6.750%
$5,495
Includes 0.875 points for $3,500
Lender Fees: $1,995
$2,595 /mo
Rocket Mortgage
NMLS #3030
7.589%
30-Year Fixed
7.500%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,797 /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
October 22nd, 2010

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