Mortgage Rates – Average Mortgage Rates Higher for the Last Week of 2009

Mortgage rates are higher in the latest mortgage survey for 2009. This week's increase in mortgage rates is the fourth consecutive week of increases. Even with four weeks of increases, 30 year mortgage rates are just above 5.00 percent but are expected to head as high as 6.00 in 2010.

Looking for the today’s mortgage interest rates? Use our mortgage rate tables to find mortgage rates  in your state or zip code. Today’s Mortgage Interest Rates.

In this week’s Primary Mortgage Market Survey, conforming 30 year mortgage interest rates increased to 5.14 percent  with an average mortgage discount point of 0.7 points for the week ending December 31, 2009. Last week the average mortgage rate for 30 year mortgages was 5.05 percent. This time last year 30 year home loan rates were at 5.10 percent.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are MRC'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.

Lender

APR / Rate

Fees / Points

Payment

NMLS #2126430

4.764%

15-Year Fixed

4.625%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$3,086 /mo

Next >

NMLS #2473786

4.775%

15-Year Fixed

4.625%

$4,015

Includes 0.730 points for $2,920

Lender Fees: $1,095

$3,086 /mo

Next >

NMLS #324599

License: 324599

4.812%

15-Year Fixed

4.625%

$5,070

Includes 1.000 points for $4,000

Lender Fees: $1,070

$3,086 /mo

Next >

NMLS #1105497

License: 603L227

4.817%

15-Year Fixed

4.625%

$5,125

Includes 0.875 points for $3,500

Lender Fees: $1,625

$3,086 /mo

Next >

NMLS #1025894

4.874%

15-Year Fixed

4.750%

$3,308

Includes 0.827 points for $3,308

Lender Fees: $0

$3,112 /mo

Next >

NMLS #757416

4.898%

15-Year Fixed

4.750%

$3,944

Includes 0.986 points for $3,944

Lender Fees: $0

$3,112 /mo

Next >

NMLS #1954591

License: 60DBO-113383

4.918%

15-Year Fixed

4.750%

$4,539

Includes 0.858 points for $3,432

Lender Fees: $1,107

$3,112 /mo

Next >

NMLS #613839

4.953%

15-Year Fixed

4.750%

$5,407

Includes 0.880 points for $3,520

Lender Fees: $1,887

$3,112 /mo

Next >

NMLS #2473786

4.972%

5-Year ARM

4.875%

$4,451

Includes 0.839 points for $3,356

Lender Fees: $1,095

$2,117 /mo

Next >

NMLS #1067

4.978%

15-Year Fixed

4.875%

$2,732

Includes 0.683 points for $2,732

Lender Fees: $0

$3,138 /mo

Next >

NMLS #2126430

4.983%

5-Year ARM

4.875%

$4,951

Includes 0.939 points for $3,756

Lender Fees: $1,195

$2,117 /mo

Next >

NMLS #1312186

5.007%

15-Year Fixed

4.875%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,138 /mo

Next >

NMLS #6606

5.260%

15-Year Fixed

5.125%

$3,548

Includes 0.887 points for $3,548

Lender Fees: $0

$3,190 /mo

Next >

NMLS #1312186

5.336%

5-Year ARM

5.250%

$3,868

Includes 0.967 points for $3,868

Lender Fees: $0

$2,209 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.473%

5-Year ARM

5.375%

$4,423

Includes 0.829 points for $3,316

Lender Fees: $1,107

$2,240 /mo

Next >

NMLS #324599

License: 324599

5.483%

5-Year ARM

5.375%

$4,886

Includes 0.954 points for $3,816

Lender Fees: $1,070

$2,240 /mo

Next >

NMLS #1105497

License: 603L227

5.484%

5-Year ARM

5.375%

$4,886

Includes 0.829 points for $3,316

Lender Fees: $1,570

$2,240 /mo

Next >

NMLS #2126430

5.583%

30-Year Fixed

5.500%

$3,695

Includes 0.625 points for $2,500

Lender Fees: $1,195

$2,272 /mo

Next >

NMLS #2473786

5.587%

30-Year Fixed

5.490%

$4,295

Includes 0.800 points for $3,200

Lender Fees: $1,095

$2,269 /mo

Next >

NMLS #324599

License: 324599

5.613%

30-Year Fixed

5.500%

$5,070

Includes 1.000 points for $4,000

Lender Fees: $1,070

$2,272 /mo

Next >

NMLS #1105497

License: 603L227

5.616%

30-Year Fixed

5.500%

$5,125

Includes 0.875 points for $3,500

Lender Fees: $1,625

$2,272 /mo

Next >

NMLS #1025894

5.682%

30-Year Fixed

5.625%

$2,508

Includes 0.627 points for $2,508

Lender Fees: $0

$2,303 /mo

Next >

NMLS #1067

5.686%

30-Year Fixed

5.625%

$2,684

Includes 0.671 points for $2,684

Lender Fees: $0

$2,303 /mo

Next >

NMLS #757416

5.696%

30-Year Fixed

5.625%

$3,120

Includes 0.780 points for $3,120

Lender Fees: $0

$2,303 /mo

Next >

NMLS #613839

5.726%

30-Year Fixed

5.625%

$4,447

Includes 0.640 points for $2,560

Lender Fees: $1,887

$2,303 /mo

Next >

NMLS #1312186

5.842%

30-Year Fixed

5.750%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,335 /mo

Next >

NMLS #1954591

License: 60DBO-113383

5.854%

30-Year Fixed

5.750%

$4,619

Includes 0.878 points for $3,512

Lender Fees: $1,107

$2,335 /mo

Next >

NMLS #6606

5.958%

30-Year Fixed

5.875%

$3,592

Includes 0.898 points for $3,592

Lender Fees: $0

$2,367 /mo

Next >

NMLS #399799

5.970%

30-Year Fixed

5.875%

$4,284

Includes 0.739 points for $2,956

Lender Fees: $1,328

$2,367 /mo

Next >

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.

15 year mortgage rates increased to 4.54 percent with an average 0.7 mortgage discount points, up from last week's average mortgage rate of 4.45 percent. A year ago 15 year mortgage interest rates were at 4.83 percent.

Treasury indexed hybrid 5 year adjustable mortgage rates increased to 4.44 percent this week with average mortgage points remaining the same at 0.6 points. A week prior, 5 year adjustable rate mortgages were averaging 4.40 percent. Last year at this time, 5 year home loan rates were higher at 5.57 percent.

One year Treasury indexed hybrid adjustable mortgage rates averaged 4.33 percent this week with an average 0.6 mortgage points, down slightly from last week's average one year mortgage loan rate of 4.38 percent. A year ago, one year ARMs averaged 4.85 percent.

For a more extensive report on current mortgage rates, Monitorbankrates.com released its weekly mortgage report on Monday, which follows:

Conforming Fixed Mortgage Rates

30-year mortgage rates jumped above 5.00 percent to 5.13 percent this week, up from the previous week’s average mortgage rate of 4.94 percent.

15-year mortgage rates are back above 4.50 percent at 4.53 percent, up from last week’s average home loan mortgage rate of  4.39 percent.

Jumbo Fixed Mortgage Rates

30-year jumbo mortgage rates are averaging 5.92% this week, up from the prior week’s mortgage interest rate of 5.71%.

15 year jumbo home loan rates are averaging 5.34% this week, up slightly from the last week’s home interest loan rate of 5.20%.

Adjustable Mortgage Rates - Conforming ARMs

1-year adjustable mortgage rates are averaging at 4.52% this week, up from the prior week when one year home loans were averaging 4.23%.

3-year adjustable rate mortgages are averaging 4.56%, up from last week’s average loan rate of 4.44%.

5-year adjustable mortgage interest rates are at 4.28 percent this week, down from the previous week’s average mortgage rate of 4.18%.

7-year adjustable home loans are averaging 4.77%, up from last week’s average loan rate of 4.68%.

The average 10-year ARM is at 5.14%, up from the previous week’s average home finance rate of 5.01%.

Adjustable Mortgage Rates - Jumbo ARMs

1-year jumbo adjustable mortgage rates are averaging 5.47% this week, down from the prior week’s average mortgage finance interest rate of 5.56%.

The average 3-year jumbo ARM is at 5.62% this week, up from last week’s adjustable rate of 5.51%.

5-year jumbo ARMs are averaging 5.19% this week, up from the prior week’s average rate on a five year jumbo mortgage 0f 5.03%.

7-year jumbo ARMs are averaging 5.60% this week, up from last week’s average rate of 5.49 percent.

The average 10-year jumbo is at 6.15 percent, up from the prior week’s average 10-year mortgage rate of 6.05 percent.

Interest Only Mortgage Rates (IO Loans) - Conforming

3-year interest only mortgage rates are averaging 4.69 percent this week, up from last week’s average interest rate of 4.52%.

5-year interest only loans are averaging 4.40 percent this week, up from last week when five year interest only mortgages averaged 4.29%.

7-year IO loan rates are averaging 5.00 percent this week, up from last week’s average interest rate of 4.89%.

Jumbo Interest Only Mortgage Rates

3-year jumbo interest only mortgages are averaging 5.82% this week, up from last week’s jumbo interest mortgage average rate of 5.68%.

5-year jumbo IO loan rates are averaging 5.63 percent, up from the prior week’s average IO mortgage rate of 5.43 percent.

The average jumbo 7-year IO loan mortgage rate is at 5.96 percent, up from last week’s average jumbo rate of 5.87 percent.

Home Equity Loan Rates

The average home equity loan rate was down this week over last week. 10 year home equity loan rates decreased to 7.331% this week, down slightly from last week’s average equity home loan rate of 7.332%. 15 year home equity rates decreased to 7.410%, down slightly from the prior week’s average equity loan rate of 7.411%.

Home Equity Line of Credit (HELOC Rates)

Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.912% this week, up from last week’s average HELOC rate of 4.900%.

Looking for the best mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates