Higher Mortgage Interest Rates

higher-mortgage-interest-ratesMortgage interest rates have continued their accent higher this week according to the most recent mortgage rate survey. Freddie Mac reported mortgage interest rates are up for the week ending June 11, 2009.

Average 30 year mortgage rates are up to 5.59 percent for a conforming fixed rate mortgage with 0.7 point, up from the prior week's average of 5.29 percent. Freddie Mac's survey reports only on conforming mortgages, for a report on jumbo mortgage rates check MonitorBankRates.com's weekly mortgage rates report. In addition to jumbo mortgage rates, MBR lists HELOC rates and home equity loan rates.

15 year fixed rate mortgages averaged 5.06 percent this week with an average 0.7 point, up from last week when it averaged 4.79 percent.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Pure Rate Mortgage
NMLS #2578474
5.389%
15-Year Fixed
5.250%
$3,650
Includes 0.650 points for $2,600
Lender Fees: $1,050
$3,216 /mo
Tomo Mortgage, LLC.
NMLS #2059741
5.510%
15-Year Fixed
5.375%
$3,520
Includes 0.880 points for $3,520
Lender Fees: $0
$3,242 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.632%
15-Year Fixed
5.490%
$3,688
Includes 0.747 points for $2,988
Lender Fees: $700
$3,267 /mo
New American Funding, LLC.
NMLS #6606
5.767%
15-Year Fixed
5.625%
$3,696
Includes 0.924 points for $3,696
Lender Fees: $0
$3,295 /mo
Pure Rate Mortgage
NMLS #2578474
6.360%
30-Year Fixed
6.250%
$4,650
Includes 0.900 points for $3,600
Lender Fees: $1,050
$2,463 /mo
Tomo Mortgage, LLC.
NMLS #2059741
6.548%
30-Year Fixed
6.490%
$2,412
Includes 0.603 points for $2,412
Lender Fees: $0
$2,526 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.597%
30-Year Fixed
6.490%
$4,460
Includes 0.940 points for $3,760
Lender Fees: $700
$2,526 /mo
PenFed Credit Union
NMLS #401822
6.758%
30-Year Fixed
6.625%
$5,495
Includes 0.875 points for $3,500
Lender Fees: $1,995
$2,562 /mo
New American Funding, LLC.
NMLS #6606
6.823%
30-Year Fixed
6.740%
$3,392
Includes 0.848 points for $3,392
Lender Fees: $0
$2,592 /mo
PenFed Credit Union
NMLS #401822
7.764%
15-Year Fixed
7.500%
$6,500
Includes 0.625 points for $2,500
Lender Fees: $4,000
$3,709 /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.

Five-year adjustable-rate mortgages averaged 5.17 percent this week, with an average 0.6 point, up from last week's 4.85 percent average.

One-year adjustable rate mortgages averaged 5.04 percent this week with an average 0.7 point, up from last week's average of 4.81 percent.

MonitorBankRates.com has also reported a sharp uptick in mortgage interest rates this past week. You can view current mortgage rates in your area by using our mortgage rate tables.

 
Author: Brian McKay
June 12th, 2009

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