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
Equity Capital Home Loans
NMLS #1689962
License: 02053435
5.680%
15-Year Fixed
5.500%
$4,694
Includes 0.911 points for $3,644
Lender Fees: $1,050
$3,269 /mo
Truss Financial Group
NMLS #2006915
License: 60DBO-149268
5.685%
15-Year Fixed
5.500%
$4,821
Includes 0.719 points for $2,876
Lender Fees: $1,945
$3,269 /mo
Statewide Funding
NMLS #1105497
License: 603L227
5.713%
15-Year Fixed
5.500%
$5,619
Includes 1.000 points for $4,000
Lender Fees: $1,619
$3,269 /mo
PenFed Credit Union
NMLS #401822
5.768%
15-Year Fixed
5.500%
$7,000
Includes 0.750 points for $3,000
Lender Fees: $4,000
$3,269 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.781%
15-Year Fixed
5.625%
$4,056
Includes 0.839 points for $3,356
Lender Fees: $700
$3,295 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
5.787%
15-Year Fixed
5.625%
$4,381
Includes 0.607 points for $2,428
Lender Fees: $1,953
$3,295 /mo
Bison State Bank
NMLS #757416
5.833%
15-Year Fixed
5.750%
$2,156
Includes 0.539 points for $2,156
Lender Fees: $0
$3,322 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.379%
5-Year ARM
6.250%
$5,673
Includes 0.930 points for $3,720
Lender Fees: $1,953
$2,463 /mo
Truss Financial Group
NMLS #2006915
License: 60DBO-149268
6.507%
5-Year ARM
6.375%
$5,537
Includes 0.898 points for $3,592
Lender Fees: $1,945
$2,496 /mo
DECO Mortgage
NMLS #2561451
6.588%
30-Year Fixed
6.490%
$4,151
Includes 0.539 points for $2,156
Lender Fees: $1,995
$2,526 /mo
Truss Financial Group
NMLS #2006915
License: 60DBO-149268
6.642%
30-Year Fixed
6.500%
$5,945
Includes 1.000 points for $4,000
Lender Fees: $1,945
$2,529 /mo
Bison State Bank
NMLS #757416
6.714%
30-Year Fixed
6.624%
$3,704
Includes 0.926 points for $3,704
Lender Fees: $0
$2,561 /mo
Equity Capital Home Loans
NMLS #1689962
License: 02053435
6.727%
30-Year Fixed
6.624%
$4,266
Includes 0.804 points for $3,216
Lender Fees: $1,050
$2,561 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.732%
30-Year Fixed
6.625%
$4,440
Includes 0.935 points for $3,740
Lender Fees: $700
$2,562 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.840%
30-Year Fixed
6.750%
$3,861
Includes 0.477 points for $1,908
Lender Fees: $1,953
$2,595 /mo
Statewide Funding
NMLS #1105497
License: 603L227
6.849%
30-Year Fixed
6.750%
$4,119
Includes 0.625 points for $2,500
Lender Fees: $1,619
$2,595 /mo
HSBC Bank USA, N.A.
NMLS #399799
6.856%
30-Year Fixed
6.750%
$4,512
Includes 0.796 points for $3,184
Lender Fees: $1,328
$2,595 /mo
PenFed Credit Union
NMLS #401822
6.896%
30-Year Fixed
6.750%
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,595 /mo
Better.com
NMLS #330511
6.941%
30-Year Fixed
6.875%
$2,700
Includes 0.675 points for $2,700
Lender Fees: $0
$2,628 /mo
Rocket Mortgage
NMLS #3030
6.995%
15-Year Fixed
6.875%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$3,568 /mo
Rocket Mortgage
NMLS #3030
7.689%
30-Year Fixed
7.625%
$2,500
Includes 0.625 points for $2,500
Lender Fees: $0
$2,832 /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.

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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