Mortgage Rates Headed Up – Unemployment Headed Down
As a result of better unemployment picture, banks are now offering conforming fixed-rate 30-year mortgages above 5.50 percent, up from rates of 5.25 percent earlier this week. Current mortgage rates are not much higher than the low mortgage rates set last month around 5.00 percent. You can also buy mortgage rates down buy paying points, the more points (discount points) you pay the lower the mortgage rate will be. Mortgage rates will still probably stay low for awhile since inflation isn't a threat with the high unemployment rate. The government still realizes the housing market still doesn't have legs to stand on. As for the unemployment numbers the U.S. non-farm payroll dropped another 247,000 jobs in July, which is lower than the average loss of 331,000 jobs in the past three months. Lender
APR / Rate
Fees / Points
Payment
 NMLS #2473786
4.930%
15-Year Fixed
4.750%
$4,803
Includes 0.927 points for $3,708
Lender Fees: $1,095
$3,112 /mo
 NMLS #1105497
License: 603L227
4.961%
15-Year Fixed
4.750%
$5,625
Includes 1.000 points for $4,000
Lender Fees: $1,625
$3,112 /mo
 NMLS #324599
License: 324599
5.026%
15-Year Fixed
4.875%
$4,070
Includes 0.750 points for $3,000
Lender Fees: $1,070
$3,138 /mo
 NMLS #757416
5.106%
15-Year Fixed
4.990%
$3,060
Includes 0.765 points for $3,060
Lender Fees: $0
$3,162 /mo
 NMLS #1025894
5.175%
15-Year Fixed
5.000%
$4,628
Includes 0.982 points for $3,928
Lender Fees: $700
$3,164 /mo
 NMLS #613839
5.183%
15-Year Fixed
4.990%
$5,099
Includes 0.803 points for $3,212
Lender Fees: $1,887
$3,162 /mo
NMLS #2473786
5.340%
5-Year ARM
5.250%
$4,059
Includes 0.741 points for $2,964
Lender Fees: $1,095
$2,209 /mo
 NMLS #1954591
License: 60DBO-113383
5.418%
15-Year Fixed
5.250%
$4,463
Includes 0.839 points for $3,356
Lender Fees: $1,107
$3,216 /mo
NMLS #613839
5.721%
30-Year Fixed
5.625%
$4,219
Includes 0.583 points for $2,332
Lender Fees: $1,887
$2,303 /mo
NMLS #2473786
5.838%
30-Year Fixed
5.750%
$3,843
Includes 0.687 points for $2,748
Lender Fees: $1,095
$2,335 /mo
NMLS #324599
License: 324599
5.853%
30-Year Fixed
5.750%
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$2,335 /mo
NMLS #1105497
License: 603L227
5.856%
30-Year Fixed
5.750%
$4,625
Includes 0.750 points for $3,000
Lender Fees: $1,625
$2,335 /mo
 NMLS #2561451
5.872%
30-Year Fixed
5.750%
$5,446
Includes 0.916 points for $3,664
Lender Fees: $1,782
$2,335 /mo
NMLS #757416
5.936%
30-Year Fixed
5.875%
$2,664
Includes 0.666 points for $2,664
Lender Fees: $0
$2,367 /mo
NMLS #1025894
5.959%
30-Year Fixed
5.875%
$3,620
Includes 0.730 points for $2,920
Lender Fees: $700
$2,367 /mo
 NMLS #399799
6.106%
30-Year Fixed
6.000%
$4,703
Includes 0.844 points for $3,376
Lender Fees: $1,327
$2,399 /mo
NMLS #1954591
License: 60DBO-113383
6.222%
30-Year Fixed
6.125%
$4,183
Includes 0.769 points for $3,076
Lender Fees: $1,107
$2,431 /mo
NMLS #1954591
License: 60DBO-113383
6.357%
5-Year ARM
6.250%
$4,595
Includes 0.872 points for $3,488
Lender Fees: $1,107
$2,463 /mo
NMLS #324599
License: 324599
6.367%
5-Year ARM
6.250%
$5,042
Includes 0.993 points for $3,972
Lender Fees: $1,070
$2,463 /mo
NMLS #1105497
License: 603L227
6.370%
5-Year ARM
6.250%
$5,058
Includes 0.872 points for $3,488
Lender Fees: $1,570
$2,463 /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.
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Mortgage rates jumped today after the Bureau of Labor Statistics said the unemployment rate was down to 9.4 percent in July compare to 9.5 percent in June, which surprised most economists who estimated the rate would go as high as 9.8 percent in July.
