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
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$3,216 /mo
$3,032
Includes 0.758 points for $3,032
Lender Fees: $0
$3,267 /mo
$4,172
Includes 0.868 points for $3,472
Lender Fees: $700
$3,267 /mo
$3,968
Includes 0.992 points for $3,968
Lender Fees: $0
$3,269 /mo
$3,848
Includes 0.962 points for $3,848
Lender Fees: $0
$3,295 /mo
$5,860
Includes 0.965 points for $3,860
Lender Fees: $2,000
$2,431 /mo
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$2,463 /mo
$3,292
Includes 0.823 points for $3,292
Lender Fees: $0
$2,526 /mo
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,529 /mo
$4,592
Includes 0.973 points for $3,892
Lender Fees: $700
$2,526 /mo
$3,684
Includes 0.921 points for $3,684
Lender Fees: $0
$2,562 /mo
$4,495
Includes 0.625 points for $2,500
Lender Fees: $1,995
$2,562 /mo
$3,804
Includes 0.951 points for $3,804
Lender Fees: $0
$2,628 /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.
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