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Home Mortgage Rates Increase MBA: 30 Year Mortgage Rates at 4.50%, 15 Year Mortgage Rates at 4.00%

Mortgage rates increased in the most recent mortgage survey released this morning. 30 year fixed mortgage rates and 15 year fixed mortgage rates and 1 year adjustable mortgage rates were all higher in the Mortgage Bankers Association’s (MBA) Weekly Mortgage Survey.

30 year mortgage rates increased to 4.50 percent for the week ending September 3, 2010, up from the previous week’s average contract 30 year mortgage rate of 4.43 percent. Mortgage discount points decreased to 0.96 points, down from last week’s average of 1.34 points.

15 year mortgage rates increased to 4.00 percent for the week ending September 3, 2010, up from the prior week's average 15 year mortgage interest rate of 3.88 percent. Mortgage discount points on 15 year home mortgage loans averaged 0.87 points, down from the previous week’s average of 1.45 points. 

Loan Term
Lender
APR / Rate
Fees / Points
Payment
C2 Financial
NMLS #135622
4.762%
15-Year Fixed
4.500%
$7,035
Includes 0.760 points for $3,040
Lender Fees: $3,995
$3,060 /mo
Home Simply
NMLS #2473786
4.808%
15-Year Fixed
4.625%
$4,883
Includes 0.947 points for $3,788
Lender Fees: $1,095
$3,086 /mo
Tomo Mortgage, LLC.
NMLS #2059741
4.888%
15-Year Fixed
4.750%
$3,684
Includes 0.921 points for $3,684
Lender Fees: $0
$3,112 /mo
C2 Financial
NMLS #135622
4.914%
5-Year ARM
4.750%
$7,635
Includes 0.910 points for $3,640
Lender Fees: $3,995
$2,087 /mo
Allied Mortgage Group, Inc.
NMLS #1067
5.008%
15-Year Fixed
4.875%
$3,520
Includes 0.880 points for $3,520
Lender Fees: $0
$3,138 /mo
Bison State Bank
NMLS #757416
5.019%
15-Year Fixed
4.875%
$3,816
Includes 0.954 points for $3,816
Lender Fees: $0
$3,138 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.078%
15-Year Fixed
4.875%
$5,404
Includes 0.851 points for $3,404
Lender Fees: $2,000
$3,138 /mo
Home Simply
NMLS #2473786
5.088%
5-Year ARM
5.000%
$4,031
Includes 0.734 points for $2,936
Lender Fees: $1,095
$2,148 /mo
Filo Mortgage, L.L.C.
NMLS #1928741
5.098%
15-Year Fixed
4.990%
$2,840
Includes 0.710 points for $2,840
Lender Fees: $0
$3,162 /mo
New American Funding, LLC.
NMLS #6606
5.386%
15-Year Fixed
5.240%
$3,820
Includes 0.955 points for $3,820
Lender Fees: $0
$3,214 /mo
C2 Financial
NMLS #135622
5.636%
30-Year Fixed
5.500%
$6,035
Includes 0.510 points for $2,040
Lender Fees: $3,995
$2,272 /mo
Home Simply
NMLS #2473786
5.702%
30-Year Fixed
5.625%
$3,367
Includes 0.568 points for $2,272
Lender Fees: $1,095
$2,303 /mo
Tomo Mortgage, LLC.
NMLS #2059741
5.714%
30-Year Fixed
5.625%
$3,936
Includes 0.984 points for $3,936
Lender Fees: $0
$2,303 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.760%
30-Year Fixed
5.625%
$5,924
Includes 0.981 points for $3,924
Lender Fees: $2,000
$2,303 /mo
Bison State Bank
NMLS #757416
5.829%
30-Year Fixed
5.750%
$3,448
Includes 0.862 points for $3,448
Lender Fees: $0
$2,335 /mo
Allied Mortgage Group, Inc.
NMLS #1067
5.921%
30-Year Fixed
5.875%
$1,992
Includes 0.498 points for $1,992
Lender Fees: $0
$2,367 /mo
Filo Mortgage, L.L.C.
NMLS #1928741
5.926%
30-Year Fixed
5.875%
$2,208
Includes 0.552 points for $2,208
Lender Fees: $0
$2,367 /mo
New American Funding, LLC.
NMLS #6606
6.091%
30-Year Fixed
6.000%
$3,892
Includes 0.973 points for $3,892
Lender Fees: $0
$2,399 /mo
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.

1 year adjustable mortgage interest rates averaged 7.00 percent for the week ending September 3, 2010, up from the previous week's average 1 year adjustable mortgage of 6.95 percent. Mortgage discount points averaged 0.21 points, a decrease from previous week’s average of 0.23 points.

 
Author: Brian McKay
September 8th, 2010

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