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
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
4.783%
15-Year Fixed
4.625%
$4,409
Includes 0.614 points for $2,456
Lender Fees: $1,953
$3,086 /mo
Equity Capital Home Loans
NMLS #1689962
License: 02053435
4.873%
15-Year Fixed
4.750%
$3,280
Includes 0.820 points for $3,280
Lender Fees: $0
$3,112 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
4.978%
15-Year Fixed
4.875%
$2,736
Includes 0.509 points for $2,036
Lender Fees: $700
$3,138 /mo
Rocket Mortgage
NMLS #3030
5.654%
15-Year Fixed
5.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,269 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
5.726%
30-Year Fixed
5.625%
$4,637
Includes 0.671 points for $2,684
Lender Fees: $1,953
$2,303 /mo
Equity Capital Home Loans
NMLS #1689962
License: 02053435
5.829%
30-Year Fixed
5.750%
$3,432
Includes 0.858 points for $3,432
Lender Fees: $0
$2,335 /mo
PenFed Credit Union
NMLS #401822
5.905%
15-Year Fixed
5.750%
$4,000
Includes 0.000 points for $0
Lender Fees: $4,000
$3,322 /mo
PenFed Credit Union
NMLS #401822
5.933%
30-Year Fixed
5.750%
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
$2,335 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.956%
30-Year Fixed
5.875%
$3,504
Includes 0.701 points for $2,804
Lender Fees: $700
$2,367 /mo
GenNext.Mortgage
NMLS #2326098
License: 60DBO-181478
6.258%
5-Year ARM
6.125%
$5,853
Includes 0.975 points for $3,900
Lender Fees: $1,953
$2,431 /mo
Rocket Mortgage
NMLS #3030
6.458%
30-Year Fixed
6.375%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,496 /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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