Mortgage Rates at Lowest Level in 2010: 30 Year Mortgage Rates at 4.93%

mortgage-rates-at-lowest-level-in-2010-30-year-mortgage-rates-at-493Mortgage rates declined to the lowest level so far this year. Mortgage rates have declined for the fifth consecutive week. Fixed 30 year mortgage rates are down to 4.93 percent for the week ending May 13, 2010 in the latest Primary Mortgage Market Survey. Mortgage discount points averaged 0.7 points.

Searching for current mortgage rates and mortgage refinance rates? Use our mortgage rate tables to find today's mortgage rates: MortgageRates.MonitorBankRates.com

Current 15 year fixed mortgage rates are down to 4.30 percent for the week ending May 13, 2010, a decline from the prior week's average 15 year mortgage rate of 4.36 percent. Mortgage points remain unchanged from the prior week averaging 0.7 points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
5.296%
15-Year Fixed
5.125%
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$3,190 /mo
Pure Rate Mortgage
NMLS #2578474
5.370%
15-Year Fixed
5.250%
$3,150
Includes 0.525 points for $2,100
Lender Fees: $1,050
$3,216 /mo
Bison State Bank
NMLS #757416
5.513%
15-Year Fixed
5.375%
$3,616
Includes 0.904 points for $3,616
Lender Fees: $0
$3,242 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.525%
15-Year Fixed
5.375%
$3,932
Includes 0.808 points for $3,232
Lender Fees: $700
$3,242 /mo
New American Funding, LLC.
NMLS #6606
5.763%
15-Year Fixed
5.625%
$3,592
Includes 0.898 points for $3,592
Lender Fees: $0
$3,295 /mo
PenFed Credit Union
NMLS #401822
6.175%
15-Year Fixed
6.000%
$4,495
Includes 0.625 points for $2,500
Lender Fees: $1,995
$3,376 /mo
District Lending
NMLS #1835285
6.259%
5-Year ARM
6.125%
$5,724
Includes 0.931 points for $3,724
Lender Fees: $2,000
$2,431 /mo
District Lending
NMLS #1835285
6.266%
30-Year Fixed
6.125%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$2,431 /mo
Pure Rate Mortgage
NMLS #2578474
6.336%
30-Year Fixed
6.250%
$3,650
Includes 0.650 points for $2,600
Lender Fees: $1,050
$2,463 /mo
Bison State Bank
NMLS #757416
6.558%
30-Year Fixed
6.490%
$2,836
Includes 0.709 points for $2,836
Lender Fees: $0
$2,526 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.577%
30-Year Fixed
6.490%
$3,604
Includes 0.726 points for $2,904
Lender Fees: $700
$2,526 /mo
PenFed Credit Union
NMLS #401822
6.632%
30-Year Fixed
6.500%
$5,495
Includes 0.875 points for $3,500
Lender Fees: $1,995
$2,529 /mo
New American Funding, LLC.
NMLS #6606
6.717%
30-Year Fixed
6.625%
$3,828
Includes 0.957 points for $3,828
Lender Fees: $0
$2,562 /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.

Current 5 year U.S. Treasury indexed adjustable rate mortgages declined to 3.95 percent for the week ending May 13, 2010, down from the previous week's average 5 year adjustable rate of 3.97 percent. Mortgage points averaged 0.6 points.

1 year adjustable mortgage rates are closing in on 4.00 percent. The average 1 year adjustable mortgage rate was 4.02 percent for the week ending may 13, 2010, down from the previous week's average rate of 4.07 percent.  Mortgage points averaged o.6 points.

 
Author: Brian McKay
May 13th, 2010

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