Mortgage Rates Down, Loan Volume Up
The average contract rate on a 30-year fixed mortgaged decreased to 5.17 percent, down from 5.36 percent the prior week, according to the latest survey of mortgage applications released by the Mortgage Bankers Association. 15-year mortgage rates were also down the past week over the prior week, the average contract rate on a 15-year mortgage is just above 4.50 percent at 4.60 percent, down from 4.75 percent. Lender
APR / Rate
Fees / Points
Payment
 NMLS #1025894
5.078%
15-Year Fixed
4.875%
$5,404
Includes 0.851 points for $3,404
Lender Fees: $2,000
$3,138 /mo
NMLS #1025894
5.760%
30-Year Fixed
5.625%
$5,924
Includes 0.981 points for $3,924
Lender Fees: $2,000
$2,303 /mo
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.
Mortgage rates reported by MonitorBankRates.com have been in a similar range. This past Monday, we reported fixed 30-year mortgage rates at 5.25 percent, down from an average rate of 5.39 percent the week before. The average 15-year mortgage rate was reported 4.70 percent, down from the previous week's average rate of 4.84 percent. Fixed rate 30-year jumbo mortgage rates were reported at 6.16 percent, down from 6.18 the week before. The average rate on a fixed 15-year mortgage was reported at 5.80 percent. Looking for Today's Mortgage Rates? MonitorBankRates.com has free mortgage rate tables you can search for today’s mortgage rates. Search for Mortgage Rates Here Explore Other Mortgage and Refinance Offers
Mortgage Rates at Lowest Level in 2010: 30 Year Mortgage Rates at 4.84%
Mortgage Rates: 30 Year Mortgage Rates at 5.06% and 15 Year Mortgage Rates at 4.45%
Mortgage Rates Plumet: Average 30-Year Fixed Mortgage Rates at 6.60%
Mortgage Rates: Today's Mortgage Rates Move Higher November 1, 2011
First Time Ever - Jumbo Mortgage Rates Lower Than Conforming Mortgage Rates
Mortgage Rates Today May 15, 2011: Don't Worry, 30 Year Fixed Rate Mortgages are Here to Stay
Mortgage Rates Plunge on Bond Yields: 30 Year Mortgage Rates at 4.15%, 15 Year Mortgage Rates at 3.39%
Home Mortgage Rates Mixed
Mortgage Rates Decline This Week: 30 Year Mortgage Rates at 3.92%
Applications for Mortgage Loans Surges in 2013 as Low Mortgage Rates Drive Demand
|
Mortgage rates were down this past week, driving new mortgage loan volume and mortgage refinance activity up. Current mortgage rates have been hovering just above 5.00 percent for several week now.
