Mortgage Rates Barely Change: 30 Year Mortgage Rates at 4.87%, 5 Year Adjustable Mortgage Rates at 3.72%

Mortgage rates barely changed in the most recent mortgage survey released by Freddie Mac. In this week's Primary Mortgage Market Survey, conforming 30 year mortgage rates averaged 4.87 percent with 0.7 discount points for the week ending April 7, 2011. The previous week's mortgage rate survey had 30 year rates 4.86 percent with 0.7 points in the prior week’s survey. Earlier this week in our mortgage rate and refinance rate survey MonitorBankRates.com reported 30 year conforming rates at 4.85 percent.

Conforming fixed 15 year mortgage rates averaged 4.10 percent with 0.7 points for the week ending April 7, 2011. In the previous week’s survey 15 year rates averaged 4.09 percent with 0.7 points. 15 year rates in our survey on Monday were reported at 4.11 percent.

5 year Treasury-indexed adjustable mortgage rates averaged 3.72 percent with 0.6 points for the week ending April 7, 2011, up from the previous week’s average 5 year adjustable interest rate of 3.70 percent with 0.7 points.

1 year U.S. Treasury indexed adjustable mortgage rates averaged 3.22 percent with 0.7 points for the week ending April 7, 2011, down from the prior week’s average 1 year adjustable home mortgage rate of 3.26 percent with 0.6 points.