Mortgage Rates are Higher Once Again in MBA Mortgage Survey: 30 Year Mortgage Rates at 4.84%, 15 Year Mortgage Rates at 4.21%Mortgage rates are higher again in this week's mortgage survey released by the Mortgage Bankers Association. The average contract mortgage rate for 15 year mortgages is above 4.00 percent and at the highest point since June 2010. Mortgage rates today are even higher since the MBA's Weekly Mortgage Application Survey is for the week ending December 10, 2010. The average contract mortgage rate on 30 year home mortgage loans increased to 4.84 percent for the week ending December 10, 2010, up from the previous week’s average year mortgage rate of 4.66 percent. 30 year mortgage rates have increased for the fifth consecutive week and haven’t been higher in the survey since May, 2010. Average mortgage discount points on 30 year home mortgage loans increased to 1.34 points, an increase from the prior week’s average of 0.94 points. 15 year home mortgage rates increased to 4.21 percent for the week ending December 10, 2010, up from the previous week’s average 15 year home mortgage rate of 3.98 percent. Average mortgage discount points on 15 year home mortgage loans was 1.28 points, up from the previous week’s average of 0.97 points. Lender
APR / Rate
Fees / Points
Payment
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$3,112 /mo
$5,125
Includes 1.000 points for $4,000
Lender Fees: $1,125
$3,112 /mo
$2,672
Includes 0.668 points for $2,672
Lender Fees: $0
$3,190 /mo
$2,792
Includes 0.698 points for $2,792
Lender Fees: $0
$3,190 /mo
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$3,216 /mo
$3,732
Includes 0.933 points for $3,732
Lender Fees: $0
$3,214 /mo
$3,348
Includes 0.662 points for $2,648
Lender Fees: $700
$3,242 /mo
$5,524
Includes 0.881 points for $3,524
Lender Fees: $2,000
$2,272 /mo
$4,997
Includes 0.968 points for $3,872
Lender Fees: $1,125
$2,303 /mo
$3,532
Includes 0.883 points for $3,532
Lender Fees: $0
$2,335 /mo
$4,000
Includes 0.500 points for $2,000
Lender Fees: $2,000
$2,335 /mo
$4,625
Includes 0.875 points for $3,500
Lender Fees: $1,125
$2,335 /mo
$3,724
Includes 0.931 points for $3,724
Lender Fees: $0
$2,367 /mo
$1,876
Includes 0.469 points for $1,876
Lender Fees: $0
$2,396 /mo
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,399 /mo
$3,196
Includes 0.624 points for $2,496
Lender Fees: $700
$2,431 /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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