Mortgage Rates Lower on St. Patrick’s Day: 30 Year Mortgage Rates at 4.76%, 15 Year Mortgage Rates at 3.97%

Mortgage rates are lower in the most recent mortgage rate survey released on St. Patrick's Day. Fixed conforming 30 year mortgage rates are averaging 4.76 percent with 0.7 discount points for the week ending March 17, 2011. 30 year rates are down from last week's average of 4.88 percent with 0.7 mortgage points.

Fixed conforming 15 year mortgage rates are also lower in this week's Primary Mortgage Market Survey released by Freddie Mac. Fixed conforming 15 year mortgage rates are back under 4.00 percent, averaging 3.97 percent with 0.7 points for the week ending March 17, 2011. Last week's survey saw 15 year mortgage rates at 4.15 percent with 0.7 points.

5 year Treasury indexed adjustable mortgage rates averaged 3.57 percent with 0.6 points for the week ending March 17, 2011, down from the previous week’s average 5 year adjustable home mortgage rate of 3.73 percent with 0.6 points.

Loan Type

State

FICO Score

Loan Amount

Points

LTV

Loan Term 15-Year Fixed 20-Year Fixed 30-Year Fixed 5-Year ARM 7-Year ARM 10-Year ARM

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Lender

APR / Rate

Fees / Points

Payment

NMLS #1025894

5.177%

15-Year Fixed

5.000%

$4,692

Includes 0.998 points for $3,992

Lender Fees: $700

$3,164 /mo

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NMLS #1025894

5.972%

30-Year Fixed

5.875%

$4,192

Includes 0.873 points for $3,492

Lender Fees: $700

$2,367 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by 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.

1 year Treasury-indexed adjustable rates averaged 3.17 percent with 0.6 points for the week ending March 17, 2011, down from the prior week’s average 1 year adjustable home mortgage rate of 3.21 percent with 0.6 points.

Author: Brian McKay

March 17th, 2011

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