Current Mortgage Rates: Mortgage Rates Down to 5.07%

mortgage-rates-30-year-mortgage-rates-down-to-507Mortgage rates were down slightly this week according to the most recent Primary Mortgage Market Survey released by Freddie Mac. Current mortgage rates are hovering above record lows.

Today's conforming 30-year fixed rate mortgage is at 5.07 percent, down from last week's average mortgage rate of 5.08 percent with an average 0.7 discount points.

The average 15-year mortgage rate is also down this week, currently 15-year mortgage rates are averaging 4.50 percent with 0.7 discount points, down from the previous week's average 15-year mortgage rate of 4.54 percent.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
5.478%
15-Year Fixed
5.250%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$3,216 /mo
PenFed Credit Union
NMLS #401822
5.642%
15-Year Fixed
5.375%
$7,000
Includes 0.750 points for $3,000
Lender Fees: $4,000
$3,242 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.667%
15-Year Fixed
5.490%
$4,612
Includes 0.978 points for $3,912
Lender Fees: $700
$3,267 /mo
Tomo Mortgage, LLC.
NMLS #2059741
5.751%
15-Year Fixed
5.625%
$3,272
Includes 0.818 points for $3,272
Lender Fees: $0
$3,295 /mo
New American Funding, LLC.
NMLS #6606
5.890%
15-Year Fixed
5.740%
$3,876
Includes 0.969 points for $3,876
Lender Fees: $0
$3,320 /mo
District Lending
NMLS #1835285
6.368%
30-Year Fixed
6.250%
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$2,463 /mo
District Lending
NMLS #1835285
6.377%
5-Year ARM
6.250%
$5,368
Includes 0.842 points for $3,368
Lender Fees: $2,000
$2,463 /mo
Tomo Mortgage, LLC.
NMLS #2059741
6.583%
30-Year Fixed
6.490%
$3,896
Includes 0.974 points for $3,896
Lender Fees: $0
$2,526 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.713%
30-Year Fixed
6.625%
$3,656
Includes 0.739 points for $2,956
Lender Fees: $700
$2,562 /mo
PenFed Credit Union
NMLS #401822
6.770%
30-Year Fixed
6.625%
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,562 /mo
New American Funding, LLC.
NMLS #6606
6.834%
30-Year Fixed
6.740%
$3,888
Includes 0.972 points for $3,888
Lender Fees: $0
$2,592 /mo
Rocket Mortgage
NMLS #3030
6.909%
15-Year Fixed
6.750%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,540 /mo
Rocket Mortgage
NMLS #3030
7.602%
30-Year Fixed
7.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,797 /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.

Adjustable rate mortgages were mixed this week, the average 5-year adjustable rate mortgage is at 4.51 percent this week with an average 0.5 discount points. Last week's average 5-year adjustable mortgage rate was at 4.59 percent. Last year at his time the average 5-year ARM was near 6.00 percent.

The average one-year Treasury indexed adjustable mortgage rate is current at 4.64 percent with an average 0.6 discount points this week, up from the prior week's average rate of 4.62 percent.

 
Author: Brian McKay
September 11th, 2009

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