Mortgage Rates – Current Mortgage Rates Nearing 5.00%

mortgage-rates-current-mortgage-rates-nearing-500Mortgage rates have fluctuating in a tight range for the past month now. The change in the direction of current mortgage rates is happening on a weekly basis, fluctuating in a range of 5.50 percent and 5.00 percent.  

Today's mortgage rates are nearing 5.00 percent again according to a survey released today by the Mortgage Bankers Association.

Looking for Today's Mortgage Rates? Find Current Mortgage Rates in your Area Here: Mortgage Rates

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
5.440%
15-Year Fixed
5.250%
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$3,216 /mo
Tomo Mortgage, LLC.
NMLS #2059741
5.606%
15-Year Fixed
5.490%
$3,032
Includes 0.758 points for $3,032
Lender Fees: $0
$3,267 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.650%
15-Year Fixed
5.490%
$4,172
Includes 0.868 points for $3,472
Lender Fees: $700
$3,267 /mo
Zoom Loans
NMLS #1312186
5.652%
15-Year Fixed
5.500%
$3,968
Includes 0.992 points for $3,968
Lender Fees: $0
$3,269 /mo
Different Mortgage
NMLS #324599
License: 324599
5.673%
15-Year Fixed
5.500%
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$3,269 /mo
New American Funding, LLC.
NMLS #6606
5.773%
15-Year Fixed
5.625%
$3,848
Includes 0.962 points for $3,848
Lender Fees: $0
$3,295 /mo
District Lending
NMLS #1835285
6.262%
5-Year ARM
6.125%
$5,860
Includes 0.965 points for $3,860
Lender Fees: $2,000
$2,431 /mo
District Lending
NMLS #1835285
6.356%
30-Year Fixed
6.250%
$4,500
Includes 0.625 points for $2,500
Lender Fees: $2,000
$2,463 /mo
Different Mortgage
NMLS #324599
License: 324599
6.494%
30-Year Fixed
6.375%
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$2,496 /mo
Tomo Mortgage, LLC.
NMLS #2059741
6.569%
30-Year Fixed
6.490%
$3,292
Includes 0.823 points for $3,292
Lender Fees: $0
$2,526 /mo
Zoom Loans
NMLS #1312186
6.596%
30-Year Fixed
6.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,529 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.600%
30-Year Fixed
6.490%
$4,592
Includes 0.973 points for $3,892
Lender Fees: $700
$2,526 /mo
New American Funding, LLC.
NMLS #6606
6.714%
30-Year Fixed
6.625%
$3,684
Includes 0.921 points for $3,684
Lender Fees: $0
$2,562 /mo
PenFed Credit Union
NMLS #401822
6.734%
30-Year Fixed
6.625%
$4,495
Includes 0.625 points for $2,500
Lender Fees: $1,995
$2,562 /mo
Different Mortgage
NMLS #324599
License: 324599
6.743%
5-Year ARM
6.625%
$4,954
Includes 0.971 points for $3,884
Lender Fees: $1,070
$2,562 /mo
Zoom Loans
NMLS #1312186
6.968%
5-Year ARM
6.875%
$3,804
Includes 0.951 points for $3,804
Lender Fees: $0
$2,628 /mo
PenFed Credit Union
NMLS #401822
7.698%
15-Year Fixed
7.375%
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
$3,680 /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 Mortgage Rates

The change in the direction of mortgage interest rates is causing the MBA's mortgage refinance index to go swing up and down as well. This week's Refinance index increased 6.9 percent, last week when home mortgage rates were up, the index was down 7.2 percent. Currently, refinance mortgage rates are around 5.20 percent.

The average contract mortgage interest rate on a fixed rate 30-year mortgage is at 5.15 percent, down from 5.38 percent. The average discount points also decreased from 1.18 to 0.98.

Average contract mortgage rates on a 15-year  mortgage is once again nearing 4.50 percent. The average contract mortgage interest rate is at 4.52 percent, a decrease from 4.71 percent. Average points decreased to .93 from 1.20.

The average contract rate for a one-year adjustable mortgage rate had a slight decrease to 6.66 percent, down from 6.71 percent. Average discounts points also had a slight decrease to 0.07 from 0.08.

Find Jumbo Rate Mortgages in your Zip Code Here:  Jumbo Mortgage Rates

 
Author: Brian McKay
August 19th, 2009

Explore Other Mortgage and Refinance Offers