Home Mortgage Rates: 30 Year Mortgage Rates Higher, 15 Year Mortgage Rates Lower – MBA

Fixed home mortgage rates are mixed in the latest mortgage survey released this morning by the Mortgage Bankers Association (MBA). 30 year fixed mortgage rates are higher and 15 year fixed mortgage rates are lower for the week ending October 29, 2010. 30 year fixed home mortgage rates increased to 4.28 percent for the week ending October 29, 2010, an increase from the previous week’s average of 4.25 percent. Average mortgage discount points on 30 year home mortgage loans increased to 10.7 points, up from the prior week’s average of 1.00 points.

Fixed 15 year fixed home mortgage rates decreased to 3.64 percent for the week ending October 29, 2010, down from the previous week’s average 15 year home mortgage rate of 3.67 percent. Average mortgage discount points on 15 year home mortgage loan rates increased to 1.08 points, up from the previous week’s average of 0.96 points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
4.938%
15-Year Fixed
4.750%
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$3,112 /mo
Pure Rate Mortgage
NMLS #2578474
5.305%
15-Year Fixed
5.125%
$4,750
Includes 0.925 points for $3,700
Lender Fees: $1,050
$3,190 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
5.338%
15-Year Fixed
5.125%
$5,793
Includes 0.960 points for $3,840
Lender Fees: $1,953
$3,190 /mo
Equity Capital Home Loans
NMLS #1689962
License: 02053435
5.376%
15-Year Fixed
5.250%
$3,308
Includes 0.827 points for $3,308
Lender Fees: $0
$3,216 /mo
PenFed Credit Union
NMLS #401822
5.409%
15-Year Fixed
5.125%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
$3,190 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.532%
15-Year Fixed
5.375%
$4,104
Includes 0.851 points for $3,404
Lender Fees: $700
$3,242 /mo
District Lending
NMLS #1835285
5.842%
30-Year Fixed
5.750%
$4,000
Includes 0.500 points for $2,000
Lender Fees: $2,000
$2,335 /mo
District Lending
NMLS #1835285
5.886%
5-Year ARM
5.750%
$5,960
Includes 0.990 points for $3,960
Lender Fees: $2,000
$2,335 /mo
Pure Rate Mortgage
NMLS #2578474
6.099%
30-Year Fixed
6.000%
$4,250
Includes 0.800 points for $3,200
Lender Fees: $1,050
$2,399 /mo
Equity Capital Home Loans
NMLS #1689962
License: 02053435
6.213%
30-Year Fixed
6.125%
$3,756
Includes 0.939 points for $3,756
Lender Fees: $0
$2,431 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.234%
30-Year Fixed
6.125%
$4,833
Includes 0.720 points for $2,880
Lender Fees: $1,953
$2,431 /mo
PenFed Credit Union
NMLS #401822
6.265%
30-Year Fixed
6.125%
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,431 /mo
Rocket Mortgage
NMLS #3030
6.281%
15-Year Fixed
6.125%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,403 /mo
Array
6.326%
30-Year Fixed
6.250%
$3,228
Includes 0.625 points for $2,500
Lender Fees: $728
$2,463 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.456%
30-Year Fixed
6.375%
$3,400
Includes 0.675 points for $2,700
Lender Fees: $700
$2,496 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.882%
5-Year ARM
6.750%
$5,621
Includes 0.917 points for $3,668
Lender Fees: $1,953
$2,595 /mo
Rocket Mortgage
NMLS #3030
6.973%
30-Year Fixed
6.875%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,628 /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
November 3rd, 2010

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