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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
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
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
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.

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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