Mortgage Rates: 30 Year Mortgage Rates at 4.81% and 15 Year Mortgage Rates at 4.32%-Freddie Mac

Mortgage rates are higher in the latest Primary Mortgage Market Survey released by Freddie Mac. 30 year fixed mortgage rates are currently at 4.81 percent for the week ending December 10, 2009, up from last week's average mortgage rate of 4.71 percent. A year ago 30 year mortgage interest rates were a lot higher at 5.47 percent. Average mortgage discount points remained unchanged at 0.7 points.

Looking for today’s mortgage rates? Find current mortgage rates in your state by using our Mortgage Rate Tables: Search for Mortgage Rates

The average 15 year mortgage rate rose to 4.32 percent for the week ending December 10, 2009, up from the prior week's average mortgage rate of 4.27 percent. Today's mortgage interest rates are about one percent lower than a year ago. Current average mortgage discount points averaged 0.6 points.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are MRC's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #2473786

4.930%

15-Year Fixed

4.750%

$4,803

Includes 0.927 points for $3,708

Lender Fees: $1,095

$3,112 /mo

Next >

NMLS #1105497

License: 603L227

4.961%

15-Year Fixed

4.750%

$5,625

Includes 1.000 points for $4,000

Lender Fees: $1,625

$3,112 /mo

Next >

NMLS #324599

License: 324599

5.026%

15-Year Fixed

4.875%

$4,070

Includes 0.750 points for $3,000

Lender Fees: $1,070

$3,138 /mo

Next >

NMLS #757416

5.106%

15-Year Fixed

4.990%

$3,060

Includes 0.765 points for $3,060

Lender Fees: $0

$3,162 /mo

Next >

NMLS #1025894

5.175%

15-Year Fixed

5.000%

$4,628

Includes 0.982 points for $3,928

Lender Fees: $700

$3,164 /mo

Next >

NMLS #613839

5.183%

15-Year Fixed

4.990%

$5,099

Includes 0.803 points for $3,212

Lender Fees: $1,887

$3,162 /mo

Next >

NMLS #2473786

5.340%

5-Year ARM

5.250%

$4,059

Includes 0.741 points for $2,964

Lender Fees: $1,095

$2,209 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.418%

15-Year Fixed

5.250%

$4,463

Includes 0.839 points for $3,356

Lender Fees: $1,107

$3,216 /mo

Next >

NMLS #613839

5.721%

30-Year Fixed

5.625%

$4,219

Includes 0.583 points for $2,332

Lender Fees: $1,887

$2,303 /mo

Next >

NMLS #2473786

5.838%

30-Year Fixed

5.750%

$3,843

Includes 0.687 points for $2,748

Lender Fees: $1,095

$2,335 /mo

Next >

NMLS #324599

License: 324599

5.853%

30-Year Fixed

5.750%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$2,335 /mo

Next >

NMLS #1105497

License: 603L227

5.856%

30-Year Fixed

5.750%

$4,625

Includes 0.750 points for $3,000

Lender Fees: $1,625

$2,335 /mo

Next >

NMLS #2561451

5.872%

30-Year Fixed

5.750%

$5,446

Includes 0.916 points for $3,664

Lender Fees: $1,782

$2,335 /mo

Next >

NMLS #757416

5.936%

30-Year Fixed

5.875%

$2,664

Includes 0.666 points for $2,664

Lender Fees: $0

$2,367 /mo

Next >

NMLS #1025894

5.959%

30-Year Fixed

5.875%

$3,620

Includes 0.730 points for $2,920

Lender Fees: $700

$2,367 /mo

Next >

NMLS #399799

6.106%

30-Year Fixed

6.000%

$4,703

Includes 0.844 points for $3,376

Lender Fees: $1,327

$2,399 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.222%

30-Year Fixed

6.125%

$4,183

Includes 0.769 points for $3,076

Lender Fees: $1,107

$2,431 /mo

Next >

NMLS #1954591

License: 60DBO-113383

6.357%

5-Year ARM

6.250%

$4,595

Includes 0.872 points for $3,488

Lender Fees: $1,107

$2,463 /mo

Next >

NMLS #324599

License: 324599

6.367%

5-Year ARM

6.250%

$5,042

Includes 0.993 points for $3,972

Lender Fees: $1,070

$2,463 /mo

Next >

NMLS #1105497

License: 603L227

6.370%

5-Year ARM

6.250%

$5,058

Includes 0.872 points for $3,488

Lender Fees: $1,570

$2,463 /mo

Next >

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.

One year U.S. Treasury indexed adjustable mortgage rates were slightly lower at 4.24 percent, down from last week's average mortgage loan rate of 4.25 percent. Discount points averaged 0.7 points.

Frank Nothaft had the following comments:

“Following an upbeat employment report, long-term bond yields rose slightly and fixed mortgage rates followed. The economy shed only 11,000 jobs in November, far fewer than the market consensus forecast, and the unemployment rate unexpectedly fell to 10 percent.  In addition, revisions added 159,000 jobs to September and October."

“Notwithstanding, rates on 30-year fixed mortgages are almost 0.7 percentage points below those at the same time last year.  This translates into an $81 lower monthly payment on a $200,000 conventional mortgage.”

For a more extensive mortgage rate report Monitorbankrates.com released its weekly mortgage report on Monday, which follows:

Today’s Mortgage Interest Rates

Average 30 year mortgage rates increased to 4.95 percent this week, up from the prior week’s average 30 year interest loan rate of 4.85 percent.

Average 15 year mortgage rates are up to 4.40 percent this week, up from last week’s average home loan rate of 4.35 percent.

Jumbo Mortgage Interest Rates

Average 30 year jumbo home loans are at 5.74 percent this week, an increase from last week’s home loan of 5.65 percent.

The average rate on a 15 year jumbo home loan is at 5.18 percent this week, up from the previous interest loan rate of 5.12 percent.

Conforming Adjustable Mortgage Interest Rates

The average 0ne year adjustable mortgage rate jumped to 4.51 percent this week, up from the prior week’s one year home loan mortgage rate of 4.11 percent.

Average three year adjustable rate mortgages are at 4.42 percent, an increase from last week’s average mortgage rate of 4.20 percent.

The average five year ARM is at 4.19 percent this week, up from the prior week’s average loan rate of 4.11 percent.

Seven year ARMs are averaging 4.58 percent this week, up from the previous week’s average bank loan rate of 4.52 percent.

The average ten year mortgage is back above 5.00 percent at 5.07 percent, up from last week’s average 10 year mortgage interest rate of 4.86 percent.

Jumbo Adjustable Mortgage Rates

Average 0ne year jumbo ARMs are at 5.48 percent this week, unchanged from last week’s average loan interest rate.

The average three year jumbo mortgage loan is at 5.26 percent this week, down from last week’s average rate of 5.40 percent.

Current five year jumbo rates are at 5.07 percent this week, down from last week’s average home interest loan rate 0f 5.41 percent.

Today’s seven year jumbo mortgages are averaging 5.53 percent, up from the prior week’s average mortgage loan interest rate of 5.39 percent.

The average 10 year jumbo ARM is at  5.96 percent this week, a big drop from last week’s average interest rate of 6.65 percent.

Conforming Interest Only Mortgage Rates (IO Loan)

Three year interest only mortgage loan rates are averaging 4.56 percent this week, up from the prior week’s average three year home loan rate of 4.40 percent.

The average five year interest only loan is at 4.32 percent, up from the last week’s average five year interest rate of 4.23 percent.

Seven year IO mortgage rates are averaging 4.79 percent, an increase from last week’s average IO rate of 4.71 percent.

Jumbo Interest Only Mortgage Rates (IO Loans)

Average rates on a three year jumbo interest only mortgage is at 5.38 percent this week, down from the previous week’s average of 5.53 percent.

Average five year jumbo IO mortgage are at 5.47 percent this week, down .50 percent from last week’s average IO rate of 5.97 percent.

The average seven year jumbo IO mortgage rate is at 5.89 percent, up from last week’s average jumbo rate of 5.66 percent.

Home Equity Loan Rates

Average rates on a 10 year home equity loan is down slightly to 7.488 percent, down slightly from the prior week’s average equity home loan rate of 7.494 percent.

Average 15 year home equity rates decreased to 7.615 percent this week, down from the last week’s average home equity loan rate of 7.624 percent.

Home Equity Line of Credit Rates (HELOC)

The average home equity line of credit rate was down slightly to 4.900 percent this week, down from last week’s average HELOC rate of 4.904 percent.

Looking for the today's mortgage rates? The best mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Find Mortgage Interest Rates .

Real Estate Agents, display average mortgage rates on your website by using our free mortgage rates widgets that now include jumbo mortgage rates. Mortgage Widget Code