Mortgage rates are higher in the latest mortgage survey released this week by Freddie Mac. The average fixed 30 year mortgage rate is once again above 5.00 percent at 5.08 for the week ending April 1, 2010, up from the prior week’s average mortgage interest rate of 4.99 percent. Mortgage points averaged 0.7 points.
The average fixed 15 year mortgage rate was also up for the week ending April 1, 2010. 15 year mortgage rates increased to 4.39 percent, up from the prior week’s average interest rate of 4.39 percent. Mortgage discount points averaged 0.6 points.
Adjustable mortgage rates were lower for the week ending April 1, 2010. 5 year Treasury-indexed adjustable mortgage rates decreased to 4.10 percent, down from the previous week’s average rate of 4.14 percent. Mortgage points averaged 0.6 points.
The lenders whose rates and other terms appear on this chart are ICB'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.
5.157%
15-Year Fixed
4.875%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
5.478%
15-Year Fixed
5.250%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
5.535%
15-Year Fixed
5.250%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
5.917%
15-Year Fixed
5.750%
$4,331
Includes 0.708 points for $2,832
Lender Fees: $1,499
NMLS #1283930
License: 01970483
5.933%
15-Year Fixed
5.750%
$4,737
Includes 0.903 points for $3,612
Lender Fees: $1,125
6.013%
15-Year Fixed
5.875%
$3,552
Includes 0.713 points for $2,852
Lender Fees: $700
6.368%
30-Year Fixed
6.250%
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
6.403%
30-Year Fixed
6.250%
$6,500
Includes 0.625 points for $2,500
Lender Fees: $4,000
6.513%
15-Year Fixed
6.375%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
6.739%
30-Year Fixed
6.625%
$4,719
Includes 0.805 points for $3,220
Lender Fees: $1,499
NMLS #1283930
License: 01970483
6.749%
30-Year Fixed
6.625%
$5,125
Includes 1.000 points for $4,000
Lender Fees: $1,125
$6,840
Includes 0.940 points for $3,760
Lender Fees: $3,080
$5,756
Includes 0.939 points for $3,756
Lender Fees: $2,000
6.958%
30-Year Fixed
6.875%
$3,392
Includes 0.673 points for $2,692
Lender Fees: $700
7.034%
30-Year Fixed
6.875%
$6,500
Includes 0.625 points for $2,500
Lender Fees: $4,000
7.313%
30-Year Fixed
7.250%
$2,500
Includes 0.625 points for $2,500
Lender Fees: $0
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 rates were down to 4.05 percent for the week ending April 1, 2010, a decrease from the previous week’s average adjustable rate of 4.20 percent. Discount points averaged o.6 points.
For a more in depth mortgage survey read MBR’s most recent Mortgage Rate Survey released earlier this week:
Mortgage rates were up again in our most recent Mortgage Rate Survey. Conforming 30 year fixed mortgage rates were slightly higher but managed to stay under 5.00 percent for the fourth consecutive week. Market analysts were concerned mortgage rates would run up in late March since the Fed is winding down their purchase of mortgage-backed securities.
The Fed’s $1.25 trillion dollar program was started a year ago to provide support to the housing market by driving down mortgage rates. The Fed successfully drove 30 year mortgage rates below 5.00 percent. Now that their support is ending, there is concern mortgage rates will go higher.
15 year fixed conforming mortgage rates were also higher this week but stayed under 4.50 percent. 15 year mortgage interest rates have remained under 4.50 percent since the beginning of 2010.
Jumbo Rate Mortgages
The average 30 year jumbo mortgage rate is at 5.59 percent this week, up from the prior week’s average jumbo home loan rate of 5.56 percent. Jumbo refinance rates were also higher this week and jumbo refi rates increased to 5.56 percent.
The average 15 year jumbo mortgage rate is at 5.07 percent this week, an increase from last week’s average jumbo rate of 5.04%. 15 year jumbo refinance rates are also higher this week and are averaging 5.07 percent.
Conforming Adjustable Mortgage Rates
1 year conforming adjustable mortgage interest rates are unchanged this week over last. The average 1 year conforming ARM is at 4.48 percent this week, unchanged from last week’s average 1year home loan rate. The average 1 year mortgage refinance rate is also unchanged this week at 4.48 percent.
3 year conforming adjustable home loan mortgage rates are at 4.66 percent this week, up from last week when 3 year home mortgage rates averaged 4.58 percent. The current average 3 year refinance rate is also at 4.58 percent this week.
5 year conforming adjustable mortgages are averaging 4.04 percent this week, up from last week’s average home loan rate of 3.92 percent. The current average 5 year mortgage refinance rate this week is also up to 4.04 percent.
The average 7 year conforming ARM is at 4.55 percent this week, up from last week’s average mortgage loan interest rate of 4.41 percent. 7 year mortgage refinance rates are also higher at 4.55 percent this week.
10 year adjustable mortgage rates are averaging 4.86 percent this week, an increase from last week’s average mortgage interest rate of 4.80 percent. 10 year home loan refinance rates are also averaging 4.86 percent.
Adjustable Jumbo Mortgage Rates
The average 1 year jumbo ARM is at 5.59 percent this week, unchanged from last week’s average home loan interest rate. The average 3 year jumbo ARM is at 5.35 percent this week, up from the prior week’s average home loan rate of 5.24 percent.
3 year home refinance rates are up to 5.35 percent this week. The average 5 year jumbo ARM is at 4.69 percent this week, an increase from last week’s average mortgage rate of 4.57 percent.
Current 5 year refinance loan rates are also averaging 4.69 percent. 7 year jumbo ARMs are averaging 5.45 percent this week, up from last week’s average loan mortgage rate of 5.40 percent.
7 year loan refinance rates are averaging 5.45 percent this week. 10 year jumbo mortgage interest rates are averaging 5.97 percent this week, an increase from last week’s average 10 year rate of 5.77 percent.
10 year jumbo refinance loan rates are also lower this week – the average rate is 5.97 percent.
Interest Only Conforming Mortgage Rates
The average 3 year interest only mortgage rate is at 4.91% this week, up from the prior week’s average mortgage interest rate of 4.84%.
The average 5 year interest only home loan is at 4.23% this week, up from last week’s average five year home interest only mortgage rate of 4.11%.
7 year IO home loans are averaging 4.73% this week, an increase from last week’s average interest rate of 4.58%.
Interest Only Jumbo Mortgage Rates
3 year jumbo IO loans are averaging 5.76 percent this week, down from last week’s jumbo interest mortgage rate of 5.83 percent.
The average 5 year jumbo IO loan rate is at 5.32 percent, up from the prior week’s average IO mortgage rate of 5.18 percent.
The average 7 year jumbo IO loan is at 5.85 percent, up from the prior week’s average jumbo 7 year rate of 5.79 percent.
Home Equity Loan Rates
The average home equity loan rate was up this week over last. 10 year home equity loan rates are at 7.364 percent this week, down from last week’s average equity home loan rate of 7.457. 15 year home equity rates averaged 7.562 percent, down from last week’s average home equity rate of 7.780.
Home Equity Line of Credit Rates (HELOC)
Average home equity line of credit rates are at 4.777 percent this week, unchanged from last week’s average HELOC rate