Mortgage Rates Higher: 30 Year Mortgage Rates at 5.01%, 15 Year Mortgage Rates at 4.33%

Mortgage rates are higher in the most recent mortgage survey released this morning. 30 year mortgage rates are back above 5.00% for the week ending March 19, 2010.  The average contract 30 year mortgage rate is at 5.01%, an increase from last week’s average mortgage rate of 4.91% according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Average mortgage discount points decreased to 0.76 points, down from the prior average of 1.30 points.

Looking for today's mortgage rates and refinance rates? Search our mortgage rate tables for the best rates: MortgageRates.MonitorBankRates.com.

The average contract 15 year mortgage rate increased to 4.33% for the week ending March 19, 2010, up from the prior week’s average 15 year mortgage rate of 4.24%. Average mortgage discount points decreased to 0.77 points, down from 1.47 points the prior week.

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

Show Advertiser Disclosure

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

5.440%

15-Year Fixed

5.250%

$5,000

Includes 0.750 points for $3,000

Lender Fees: $2,000

$3,216 /mo

Next >

NMLS #2059741

5.606%

15-Year Fixed

5.490%

$3,032

Includes 0.758 points for $3,032

Lender Fees: $0

$3,267 /mo

Next >

NMLS #1025894

5.650%

15-Year Fixed

5.490%

$4,172

Includes 0.868 points for $3,472

Lender Fees: $700

$3,267 /mo

Next >

NMLS #1312186

5.652%

15-Year Fixed

5.500%

$3,968

Includes 0.992 points for $3,968

Lender Fees: $0

$3,269 /mo

Next >

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

Next >

NMLS #6606

5.773%

15-Year Fixed

5.625%

$3,848

Includes 0.962 points for $3,848

Lender Fees: $0

$3,295 /mo

Next >

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

Next >

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

Next >

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

Next >

NMLS #2059741

6.569%

30-Year Fixed

6.490%

$3,292

Includes 0.823 points for $3,292

Lender Fees: $0

$2,526 /mo

Next >

NMLS #1312186

6.596%

30-Year Fixed

6.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,529 /mo

Next >

NMLS #1025894

6.600%

30-Year Fixed

6.490%

$4,592

Includes 0.973 points for $3,892

Lender Fees: $700

$2,526 /mo

Next >

NMLS #6606

6.714%

30-Year Fixed

6.625%

$3,684

Includes 0.921 points for $3,684

Lender Fees: $0

$2,562 /mo

Next >

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

Next >

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

Next >

NMLS #1312186

6.968%

5-Year ARM

6.875%

$3,804

Includes 0.951 points for $3,804

Lender Fees: $0

$2,628 /mo

Next >

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

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.

The average contract rate for 1 year adjustable mortgages remained unchanged at 6.75% for the week ending March 19, 2010. Mortgage discount points increased to 0.32 points from 0.30 points.

For a more extensive report on today’s mortgage rates and refinance rates, MonitorBankRates.com released its Weekly Mortgage Rate Report earlier this week, which follows:

Weekly Mortgage Rate Report

Jumbo Rate Mortgages

The average 30 year jumbo mortgage rate is at 5.56 percent this week, down slightly from the prior week’s average jumbo home loan rate of 5.57 percent. Jumbo refinance rates were also down to 5.56 percent this week.

15 year jumbo mortgage rates are back above 5.00 percent at 5.04 percent this week, up from last week’s average jumbo loan mortgage interest rate of 4.98 percent. 15 year jumbo refinance rates are back above 5.00 percent at 5.04 percent this week.

Conforming Adjustable Mortgage Rates

The average conforming 1 year adjustable mortgage interest rate is at 4.48 percent this week, up from the last week’s average 1 year loan rate of 4.37 percent.

The average 3 year conforming adjustable mortgage interest rate is at 4.58 percent this week, an increase from last week when 3 year home mortgage rates averaged 4.49 percent. 3 year refi rates are currently averaging 4.58 percent this week.

5 year conforming adjustable mortgages are averaging 3.92 percent this week, down from last week’s average home loan rate of 3.94 percent. The current average 5 year mortgage refinance is also up this week to 3.92 percent.

The average 7 year conforming ARM is at 4.41 percent this week, down from last week’s average mortgage loan interest rate of 4.47 percent. 7 year mortgage refinance rates are also averaging at 4.41 percent this week.

10 year adjustable bank mortgage rates are averaging 4.80 percent this week, an increase from last week’s average mortgage interest rate of 4.75 percent. 10 year home loan refinance rates are also averaging 4.80 percent.

Jumbo Adjustable Mortgage Rates

The average 1 year jumbo ARM is at 5.59 percent this week, unchanged from last week’s average home loan interest rate.

The average 3 year jumbo ARM is at 5.24 percent this week, up from the prior week’s average home loan rate of 5.14 percent. 3 year home refinance rates are down to 5.24 percent this week.

The average 5 year jumbo ARM is at 4.57 percent this week, a decrease from last week’s average mortgage rate of 4.63 percent. Current 5 year refinance loan rates are also averaging 4.57 percent.

7 year jumbo ARMs are averaging 5.40 percent this week, an increase from last week’s average loan mortgage rate of 5.38 percent. 7 year loan refinance rates are also averaging 5.40 percent, up from the prior week’s average refinance rate of 5.38 percent.

10 year jumbo mortgage interest rates are averaging 5.77 percent this week, a decrease from last week’s average 10 year rate of 5.84 percent. 10 year jumbo refinance loan rates are also lower this week, the average rate is 5.77 percent.

Interest Only Mortgage Rates

The average 3 year interest only mortgage rate is at 4.84% this week, up from the prior week’s average mortgage interest rate of 4.74%.

The average 5 year interest only home loan is at 4.11% this week, down from last week’s average five year home interest only mortgage rate of 4.13%.

7 year IO home loans are averaging 4.58% this week, a decrease from last week’s average interest rate of 4.65%.  The average 7 year IO refinance home loan rate is also at 4.58% this week.

Jumbo Interest Only Mortgage Rates

3 year jumbo IO loans are averaging 5.83 percent this week, up 15 basis points from last week’s jumbo interest mortgage rate of 5.67 percent. 3 year jumbo refinance interest rates are averaging 5.83 percent this week.

The average 5 year jumbo IO loan rate is at 5.18 percent, down from the prior week’s average IO mortgage rate of 5.28 percent. 5 year jumbo IO refinance interest rates are averaging 5.18 percent this week.

7 year jumbo IO loans are averaging 5.79 percent, up from the prior week’s average jumbo 7 year rate of 5.76 percent.

Home Equity Loan Rates

The average home equity loan rate was up this week over last. 10 year home equity loan rates are at 7.457 percent this week, down from last week’s average equity home loan rate of 7.481. 15 year home equity rates averaged 7.780 percent, down from last week’s average home equity rate of 7.805.

Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are at 4.777 percent this week, unchanged from last week’s average HELOC rate.