Mortgage Rates Hit Another Record Low

Freddie Mac just reported in their weekly Primary Mortgage Market Survey that mortgage rates have hit another record low.  Rates for a 30-year fixed-rate mortgage (FRM) averaged 4.78 percent and rates for a 15-year FRM averaged 4.52 percent.

As for adjustable rate mortgages, five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 4.92 percent and one-year Treasury-indexed ARMs averaged 4.75 percent.

mortgage-rates

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Home Simply
NMLS #2473786
4.914%
15-Year Fixed
4.750%
$4,379
Includes 0.821 points for $3,284
Lender Fees: $1,095
$3,112 /mo
Future First Lending
NMLS #2126430
4.941%
15-Year Fixed
4.750%
$5,195
Includes 0.975 points for $3,900
Lender Fees: $1,295
$3,112 /mo
iheartloan
NMLS #2562839
4.942%
15-Year Fixed
4.750%
$5,125
Includes 1.000 points for $4,000
Lender Fees: $1,125
$3,112 /mo
Filo Mortgage, L.L.C.
NMLS #1928741
4.995%
15-Year Fixed
4.875%
$3,172
Includes 0.793 points for $3,172
Lender Fees: $0
$3,138 /mo
LifeStone Mortgage
NMLS #1085173
5.037%
15-Year Fixed
4.875%
$4,370
Includes 0.750 points for $3,000
Lender Fees: $1,370
$3,138 /mo
Bison State Bank
NMLS #757416
5.129%
15-Year Fixed
4.990%
$3,684
Includes 0.921 points for $3,684
Lender Fees: $0
$3,162 /mo
Allied Mortgage Group, Inc.
NMLS #1067
5.137%
15-Year Fixed
4.990%
$3,892
Includes 0.973 points for $3,892
Lender Fees: $0
$3,162 /mo
Different Mortgage
NMLS #324599
License: 324599
5.189%
15-Year Fixed
5.000%
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$3,164 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
5.292%
15-Year Fixed
5.125%
$4,455
Includes 0.837 points for $3,348
Lender Fees: $1,107
$3,190 /mo
Peak Residential Lending Inc
NMLS #2433973
5.328%
15-Year Fixed
5.125%
$5,465
Includes 0.875 points for $3,500
Lender Fees: $1,965
$3,190 /mo
Zoom Loans
NMLS #1312186
5.365%
15-Year Fixed
5.250%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$3,216 /mo
Future First Lending
NMLS #2126430
5.365%
5-Year ARM
5.250%
$5,259
Includes 0.991 points for $3,964
Lender Fees: $1,295
$2,209 /mo
New American Funding, LLC.
NMLS #6606
5.400%
15-Year Fixed
5.250%
$3,928
Includes 0.982 points for $3,928
Lender Fees: $0
$3,216 /mo
Home Simply
NMLS #2473786
5.462%
5-Year ARM
5.375%
$3,883
Includes 0.697 points for $2,788
Lender Fees: $1,095
$2,240 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.502%
15-Year Fixed
5.375%
$3,328
Includes 0.657 points for $2,628
Lender Fees: $700
$3,242 /mo
Filo Mortgage, L.L.C.
NMLS #1928741
5.829%
30-Year Fixed
5.750%
$3,440
Includes 0.860 points for $3,440
Lender Fees: $0
$2,335 /mo
iheartloan
NMLS #2562839
5.847%
5-Year ARM
5.750%
$4,213
Includes 0.772 points for $3,088
Lender Fees: $1,125
$2,335 /mo
LifeStone Mortgage
NMLS #1085173
5.862%
5-Year ARM
5.750%
$4,958
Includes 0.897 points for $3,588
Lender Fees: $1,370
$2,335 /mo
Home Simply
NMLS #2473786
5.944%
30-Year Fixed
5.875%
$3,007
Includes 0.478 points for $1,912
Lender Fees: $1,095
$2,367 /mo
Future First Lending
NMLS #2126430
5.946%
30-Year Fixed
5.875%
$3,195
Includes 0.475 points for $1,900
Lender Fees: $1,295
$2,367 /mo
iheartloan
NMLS #2562839
5.947%
30-Year Fixed
5.875%
$3,125
Includes 0.500 points for $2,000
Lender Fees: $1,125
$2,367 /mo
Allied Mortgage Group, Inc.
NMLS #1067
5.952%
30-Year Fixed
5.875%
$3,316
Includes 0.829 points for $3,316
Lender Fees: $0
$2,367 /mo
Zoom Loans
NMLS #1312186
5.958%
5-Year ARM
5.875%
$3,596
Includes 0.899 points for $3,596
Lender Fees: $0
$2,367 /mo
LifeStone Mortgage
NMLS #1085173
5.963%
30-Year Fixed
5.875%
$3,870
Includes 0.625 points for $2,500
Lender Fees: $1,370
$2,367 /mo
Bison State Bank
NMLS #757416
5.966%
30-Year Fixed
5.875%
$3,916
Includes 0.979 points for $3,916
Lender Fees: $0
$2,367 /mo
Different Mortgage
NMLS #324599
License: 324599
5.990%
30-Year Fixed
5.875%
$5,070
Includes 1.000 points for $4,000
Lender Fees: $1,070
$2,367 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
6.087%
5-Year ARM
5.990%
$4,219
Includes 0.778 points for $3,112
Lender Fees: $1,107
$2,396 /mo
DECO Mortgage
NMLS #2561451
6.088%
30-Year Fixed
5.999%
$3,830
Includes 0.770 points for $3,080
Lender Fees: $750
$2,398 /mo
Different Mortgage
NMLS #324599
License: 324599
6.097%
5-Year ARM
5.990%
$4,682
Includes 0.903 points for $3,612
Lender Fees: $1,070
$2,396 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
6.097%
30-Year Fixed
5.990%
$4,655
Includes 0.887 points for $3,548
Lender Fees: $1,107
$2,396 /mo
Peak Residential Lending Inc
NMLS #2433973
6.124%
30-Year Fixed
6.000%
$5,465
Includes 0.875 points for $3,500
Lender Fees: $1,965
$2,399 /mo
Zoom Loans
NMLS #1312186
6.207%
30-Year Fixed
6.125%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,431 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.212%
30-Year Fixed
6.125%
$3,716
Includes 0.754 points for $3,016
Lender Fees: $700
$2,431 /mo
HSBC Bank USA, N.A.
NMLS #399799
6.214%
30-Year Fixed
6.125%
$3,943
Includes 0.654 points for $2,616
Lender Fees: $1,327
$2,431 /mo
New American Funding, LLC.
NMLS #6606
6.329%
30-Year Fixed
6.240%
$3,792
Includes 0.948 points for $3,792
Lender Fees: $0
$2,461 /mo
Peak Residential Lending Inc
NMLS #2433973
6.383%
5-Year ARM
6.250%
$5,733
Includes 0.942 points for $3,768
Lender Fees: $1,965
$2,463 /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.

Chart Source: Freddie Mac

 
Author: Brian McKay
April 2nd, 2009

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