Mortgage Rates and Mortgage Applications Decline: 30 Year Rates at 4.79%, 15 Year Rates at 4.03%Both mortgage rates and applications for mortgage loans declined in the latest mortgage survey released this morning. In the Weekly Mortgage Application Survey released by the Mortgage Bankers Association, the average 30 year mortgage rate decreased to 4.79 percent with 1.07 mortgage discount points for the week ending March 11, 2011. In the prior weeks 30 year mortgage rates averaged 4.93 percent with 0.87 mortgage discount points. Right now on our mortgage rates and refinance rates list for California, Ditech is offering 30 year fixed conforming refinance rates at 4.99 percent with 0.275 mortgage discount points. You can search for the lowest rates in your state on our rate tables at MortgageRates.MonitorBankRates.com. The  average contract 15 year mortgage rate is also lower for the week ending March 11, 2011. The average 15 year mortgage rate is at 4.03 percent with mortgage discount points averaging 0.85 points. In the previous week's survey, 15 year mortgage rates averaged 4.17 percent with points averaging 1.15. Lender
APR / Rate
Fees / Points
Payment
$3,839
Includes 0.686 points for $2,744
Lender Fees: $1,095
$3,112 /mo
$3,436
Includes 0.859 points for $3,436
Lender Fees: $0
$3,138 /mo
$4,755
Includes 0.915 points for $3,660
Lender Fees: $1,095
$2,148 /mo
$3,052
Includes 0.763 points for $3,052
Lender Fees: $0
$3,162 /mo
$3,884
Includes 0.971 points for $3,884
Lender Fees: $0
$3,216 /mo
$4,127
Includes 0.758 points for $3,032
Lender Fees: $1,095
$2,303 /mo
$3,404
Includes 0.851 points for $3,404
Lender Fees: $0
$2,335 /mo
$2,092
Includes 0.523 points for $2,092
Lender Fees: $0
$2,367 /mo
$3,831
Includes 0.626 points for $2,504
Lender Fees: $1,327
$2,399 /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.
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