Mortgage Rates Lower as Housing Market RecoversLow mortgage rates and home prices are helping the housing market recover. The National Association of Realtors (NAR) reported existing home sales rose 8.3% to a seasonally adjusted annual rate of 5.14 million in the first quarter of 2011. Another positive sign the median existing single-family home price rose in 34 out of 153 metropolitan statistical areas (MSAs) according to the NAR. The average 30 year mortgage rate as reported by MonitorBankRates is at 4.62% today. You can get rates lower than the averages. Right now on our mortgage rate tables, Aurora Bank is offering 30 year rates at 4.625%. First Internet Bank is offering fixed 30 year FHA mortgage rates at 4.25% with zero mortgage points. Conventional 15 year mortgage rates today are averaging 3.88%. 15 year conventional mortgage rates have been under 4.00 percent for over 2.00 weeks now. Lender
APR / Rate
Fees / Points
Payment
$4,638
Includes 0.637 points for $2,548
Lender Fees: $2,090
$3,242 /mo
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
$3,216 /mo
$3,404
Includes 0.676 points for $2,704
Lender Fees: $700
$3,295 /mo
$3,732
Includes 0.933 points for $3,732
Lender Fees: $0
$3,320 /mo
$5,894
Includes 0.951 points for $3,804
Lender Fees: $2,090
$2,496 /mo
$5,506
Includes 0.854 points for $3,416
Lender Fees: $2,090
$2,529 /mo
$3,956
Includes 0.814 points for $3,256
Lender Fees: $700
$2,562 /mo
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,562 /mo
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,540 /mo
$3,468
Includes 0.867 points for $3,468
Lender Fees: $0
$2,628 /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.
Jumbo mortgage rates are also near lows for 2011. 30 year jumbo mortgage rates today are averaging 5.15% and 15 year jumbo mortgage rates are averaging 4.45%. Explore Other Mortgage and Refinance Offers
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