Mortgage Rates Hit Record Low: 30 Year Mortgage Rates at 4.69%, 15 Year Mortgage Rates at 4.13%

Mortgage rates hit a record low (except 1 year ARMs) in the most recent Primary Mortgage Market Survey released by Freddie Mac yesterday morning. 30 year fixed conforming mortgage rates are down to 4.69 percent for the week ending June 24, 2010, a decline from the previous week’s average 30 year mortgage rate of 4.75 percent. Mortgage discount points remained unchanged at 0.7 points.

Use our mortgage rate tables at MortgageRates.MonitorBankRates.com to find current mortgage rates in your state. Unlike most websites, no personal information is needed for a list of mortgage rates.

15 year fixed conforming mortgage rates are also for the week ending June 24, 2010. 15 year mortgage rates are averaging at 4.13 percent, a decline from the prior week’s average 15 year mortgage rate of 4.20 percent. Mortgage discount points averaged 0.6 points, down from the prior week's average of 0.7 points.

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 #2641203

5.523%

15-Year Fixed

5.375%

$3,876

Includes 0.969 points for $3,876

Lender Fees: $0

$3,242 /mo

Next >

NMLS #401822

5.554%

15-Year Fixed

5.250%

$8,000

Includes 1.000 points for $4,000

Lender Fees: $4,000

$3,216 /mo

Next >

NMLS #1025894

5.667%

15-Year Fixed

5.490%

$4,600

Includes 0.975 points for $3,900

Lender Fees: $700

$3,267 /mo

Next >

NMLS #6606

5.904%

15-Year Fixed

5.750%

$3,976

Includes 0.994 points for $3,976

Lender Fees: $0

$3,322 /mo

Next >

NMLS #2641203

6.701%

30-Year Fixed

6.625%

$3,128

Includes 0.782 points for $3,128

Lender Fees: $0

$2,562 /mo

Next >

NMLS #1025894

6.720%

30-Year Fixed

6.625%

$3,916

Includes 0.804 points for $3,216

Lender Fees: $700

$2,562 /mo

Next >

NMLS #6606

6.844%

30-Year Fixed

6.750%

$3,880

Includes 0.970 points for $3,880

Lender Fees: $0

$2,595 /mo

Next >

NMLS #3030

6.869%

15-Year Fixed

6.750%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$3,540 /mo

Next >

NMLS #401822

6.884%

30-Year Fixed

6.750%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,595 /mo

Next >

NMLS #3030

7.589%

30-Year Fixed

7.500%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$2,797 /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.

5 year U.S Treasury indexed adjustable rate mortgages are aks0 down for the week ending June 24, 2010. 5 year adjustable mortgage interest rates are averaging 3.84 percent, a decline from last week’s average 5 year adjustable mortgage interest rate of 3.89 percent. Mortgage points were unchanged at 0.7 points.

1 year U.S Treasury indexed adjustable mortgage rates averaged 3.77 percent for the week ending June 24, 2010, down from the prior week’s average 1 year adjustable mortgage rate of 3.82 percent. Mortgage points averaged o.7 points, up from last week's average of 0.6 points.