Mortgage Loan Rates Continue to Climb in Mortgage Survey: 30 Year Mortgage Interest Rates Averaged 4.83%, 15 Year Mortgage Interest Rates Averaged 4.17%

Mortgage rates continue to climb in the latest mortgage survey released this morning. For the fifth consecutive week fixed long term conforming mortgage rates have increased. 15 year conforming mortgage rates are now above 4.00 percent in the Primary Mortgage Market Survey for the week ending December 16, 2010. Fixed conforming 30 year home mortgage rates are averaging 4.83 percent for the week ending December 16, 2010, up from the previous week’s average 30 year home mortgage  rate of 4.61 percent. Average mortgage discount points on 30 year home mortgage loans was 0.7 points, unchanged from the prior week’s survey.

Fixed conforming 15 year home mortgage rates are averaging 4.17 percent for the week ending December 16, 2010, an increase from the prior week’s average 15 year home mortgage rate of 3.96 percent. Average mortgage discount points on 15 year home loans was 0.7 points, unchanged from the prior week’s average.

5 year Treasury indexed adjustable mortgage rates averaged 3.77 percent for the week ending December 16, 2010, up from the previous week’s average 5 year adjustable home mortgage rate of 3.60 percent. Average mortgage discount points on 5 year adjustable home mortgages was 0.7 points, up from the previous week’s average of 0.6 points.

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

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The lenders whose rates and other terms appear on this chart are ICB'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 #1835285

4.849%

15-Year Fixed

4.625%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$3,086 /mo

Next >

NMLS #324599

License: 324599

5.170%

15-Year Fixed

5.000%

$4,570

Includes 0.875 points for $3,500

Lender Fees: $1,070

$3,164 /mo

Next >

NMLS #6606

5.397%

15-Year Fixed

5.250%

$3,852

Includes 0.963 points for $3,852

Lender Fees: $0

$3,216 /mo

Next >

NMLS #1025894

5.503%

15-Year Fixed

5.375%

$3,348

Includes 0.662 points for $2,648

Lender Fees: $700

$3,242 /mo

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NMLS #1835285

5.635%

5-Year ARM

5.500%

$5,972

Includes 0.993 points for $3,972

Lender Fees: $2,000

$2,272 /mo

Next >

NMLS #1835285

5.761%

30-Year Fixed

5.625%

$6,000

Includes 1.000 points for $4,000

Lender Fees: $2,000

$2,303 /mo

Next >

NMLS #324599

License: 324599

5.967%

30-Year Fixed

5.875%

$4,070

Includes 0.750 points for $3,000

Lender Fees: $1,070

$2,367 /mo

Next >

NMLS #324599

License: 324599

6.114%

5-Year ARM

6.000%

$4,986

Includes 0.979 points for $3,916

Lender Fees: $1,070

$2,399 /mo

Next >

NMLS #1025894

6.200%

30-Year Fixed

6.125%

$3,196

Includes 0.624 points for $2,496

Lender Fees: $700

$2,431 /mo

Next >

NMLS #6606

6.341%

30-Year Fixed

6.250%

$3,860

Includes 0.965 points for $3,860

Lender Fees: $0

$2,463 /mo

Next >

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.

1 year Treasury indexed adjustable home mortgage loan rates averaged 3.35 percent for the week ending December 16, 2010, up from the prior week’s average 1 year adjustable home mortgage rate of 3.27 percent. Average mortgage points on 1 year adjustable home loans was 0.7 points, up from the previous week’s average of 0.6 points.