Mortgage Rates MBA: 30 Year Mortgage Rates at 4.50%, 15 Year Mortgage Rates at 3.83%

Home mortgage rates are mixed in the most recent mortgage rates survey released by the Mortgage Bankers Association (MBA).  30 year fixed mortgage rates are higher and 15 year fixed mortgage rates are lower. The average contract rate on 30 year home mortgages is 4.50 percent for the week ending November 19, 2010, up from the prior week’s average 30 year mortgage rate of 4.46 percent. 30 year mortgage rates haven't been higher since September 3, 2010. Average mortgage discount points on 30 year home mortgage loans decreased to 0.88 points, down from the prior week’s average of 1.12 points.

15 year home mortgage rates are averaging 3.83 percent for the week ending November 19, 2010, down from the previous week’s average 15 year home mortgage rate of 3.87 percent. Average mortgage discount points on 15 year home mortgage loans was 1.04 points, up from the previous week’s average of 0.91 points.

 
Author: Brian McKay
November 24th, 2010

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