Mortgage Rates Increase in MBA Mortgage Survey: 30 Year Mortgage Rates at 4.66%, 15 Year Mortgage Rates at 3.98%

Home mortgage rates are higher again this week in the Mortgage Bankers Association’s Weekly Applications Survey. The average contract mortgage rate on 30 year home mortgages increased to 4.66 percent for the week ending December 3, 2010, up from the previous week’s average 30 year mortgage rate of 4.56 percent. 30 year mortgage rates have increased for the fourth consecutive week and haven’t been higher in the survey since July, 2010. Average mortgage discount points on 30 year home mortgage loans decreased to 0.95 points, down from the prior week’s average of 0.95 points.

The average contract mortgage rate on 15 year home mortgages increaed to 3.98 percent for the week ending December 3, 2010, up from the previous week’s average 15 year home mortgage rate of 3.91 percent. Average mortgage discount points on 15 year home mortgage loans was 0.97 points, up from the previous week’s average of 0.88 points.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
District Lending
NMLS #1835285
4.831%
15-Year Fixed
4.625%
$5,500
Includes 0.875 points for $3,500
Lender Fees: $2,000
$3,086 /mo
LifeStone Mortgage
NMLS #1085173
4.949%
15-Year Fixed
4.750%
$5,370
Includes 1.000 points for $4,000
Lender Fees: $1,370
$3,112 /mo
Zoom Loans
NMLS #1312186
5.258%
15-Year Fixed
5.125%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,190 /mo
New American Funding, LLC.
NMLS #6606
5.400%
15-Year Fixed
5.250%
$3,944
Includes 0.986 points for $3,944
Lender Fees: $0
$3,216 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.426%
15-Year Fixed
5.250%
$4,612
Includes 0.978 points for $3,912
Lender Fees: $700
$3,216 /mo
District Lending
NMLS #1835285
5.625%
5-Year ARM
5.500%
$5,552
Includes 0.888 points for $3,552
Lender Fees: $2,000
$2,272 /mo
Zoom Loans
NMLS #1312186
5.708%
5-Year ARM
5.625%
$3,672
Includes 0.918 points for $3,672
Lender Fees: $0
$2,303 /mo
District Lending
NMLS #1835285
5.750%
30-Year Fixed
5.625%
$5,500
Includes 0.875 points for $3,500
Lender Fees: $2,000
$2,303 /mo
LifeStone Mortgage
NMLS #1085173
5.850%
5-Year ARM
5.750%
$4,422
Includes 0.763 points for $3,052
Lender Fees: $1,370
$2,335 /mo
LifeStone Mortgage
NMLS #1085173
5.860%
30-Year Fixed
5.750%
$4,870
Includes 0.875 points for $3,500
Lender Fees: $1,370
$2,335 /mo
Zoom Loans
NMLS #1312186
6.070%
30-Year Fixed
6.000%
$3,000
Includes 0.750 points for $3,000
Lender Fees: $0
$2,399 /mo
New American Funding, LLC.
NMLS #6606
6.090%
30-Year Fixed
6.000%
$3,860
Includes 0.965 points for $3,860
Lender Fees: $0
$2,399 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.097%
30-Year Fixed
5.990%
$4,620
Includes 0.980 points for $3,920
Lender Fees: $700
$2,396 /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.
 
Author: Brian McKay
December 8th, 2010

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