Mortgage Rates Decline Slightly: 30 Year Mortgage Rates at 5.06%

30 year Mortgage rates declined in the most recent Primary Mortgage Market Survey released yesterday by Freddie Mac. The current average fixed conforming 30 year mortgage is at 5.06 percent for the week ending April 29, 2010, down slightly from the previous week’s average mortgage rate of 5.07 percent. Mortgage discount points averaged 0.7 points.

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15 year fixed mortgage rates were unchanged for the week ending April 29, 2010. The current average fixed conforming 15 year mortgage rate is at 4.39 percent, unchanged from the prior week. Mortgage discount points averaged 0.7 points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
5.478%
15-Year Fixed
5.250%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$3,216 /mo
PenFed Credit Union
NMLS #401822
5.642%
15-Year Fixed
5.375%
$7,000
Includes 0.750 points for $3,000
Lender Fees: $4,000
$3,242 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.667%
15-Year Fixed
5.490%
$4,612
Includes 0.978 points for $3,912
Lender Fees: $700
$3,267 /mo
Tomo Mortgage, LLC.
NMLS #2059741
5.751%
15-Year Fixed
5.625%
$3,272
Includes 0.818 points for $3,272
Lender Fees: $0
$3,295 /mo
New American Funding, LLC.
NMLS #6606
5.890%
15-Year Fixed
5.740%
$3,876
Includes 0.969 points for $3,876
Lender Fees: $0
$3,320 /mo
District Lending
NMLS #1835285
6.368%
30-Year Fixed
6.250%
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$2,463 /mo
District Lending
NMLS #1835285
6.377%
5-Year ARM
6.250%
$5,368
Includes 0.842 points for $3,368
Lender Fees: $2,000
$2,463 /mo
Tomo Mortgage, LLC.
NMLS #2059741
6.583%
30-Year Fixed
6.490%
$3,896
Includes 0.974 points for $3,896
Lender Fees: $0
$2,526 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.713%
30-Year Fixed
6.625%
$3,656
Includes 0.739 points for $2,956
Lender Fees: $700
$2,562 /mo
PenFed Credit Union
NMLS #401822
6.770%
30-Year Fixed
6.625%
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,562 /mo
New American Funding, LLC.
NMLS #6606
6.834%
30-Year Fixed
6.740%
$3,888
Includes 0.972 points for $3,888
Lender Fees: $0
$2,592 /mo
Rocket Mortgage
NMLS #3030
6.909%
15-Year Fixed
6.750%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,540 /mo
Rocket Mortgage
NMLS #3030
7.602%
30-Year Fixed
7.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,797 /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.

5 year adjustable mortgage rates also declined this week over last. The current average 5 year Treasury-indexed adjustable mortgage rate is at 4.00 percent, a decrease from last week’s average mortgage interest rate of 4.03 percent. Mortgage points averaged 0.6 points.

1 year adjustable mortgage rates were up slightly this week to 4.25 percent, up from last week’s average 1 year mortgage interest rate of 4.23 percent. Discount points averaged o.5 points.

 
Author: Brian McKay
April 30th, 2010

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