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.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Pure Rate Mortgage
NMLS #2578474
5.634%
15-Year Fixed
5.500%
$3,478
Includes 0.607 points for $2,428
Lender Fees: $1,050
$3,269 /mo
Approved Home Loans
NMLS #1935422
License: 60DBO-109262
5.748%
15-Year Fixed
5.625%
$3,295
Includes 0.500 points for $2,000
Lender Fees: $1,295
$3,295 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.771%
15-Year Fixed
5.625%
$3,796
Includes 0.774 points for $3,096
Lender Fees: $700
$3,295 /mo
New American Funding, LLC.
NMLS #6606
6.011%
15-Year Fixed
5.875%
$3,508
Includes 0.877 points for $3,508
Lender Fees: $0
$3,349 /mo
Pure Rate Mortgage
NMLS #2578474
6.455%
30-Year Fixed
6.375%
$3,350
Includes 0.575 points for $2,300
Lender Fees: $1,050
$2,496 /mo
Approved Home Loans
NMLS #1935422
License: 60DBO-109262
6.487%
30-Year Fixed
6.375%
$4,795
Includes 0.875 points for $3,500
Lender Fees: $1,295
$2,496 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.588%
30-Year Fixed
6.490%
$4,108
Includes 0.852 points for $3,408
Lender Fees: $700
$2,526 /mo
New American Funding, LLC.
NMLS #6606
6.834%
30-Year Fixed
6.740%
$3,848
Includes 0.962 points for $3,848
Lender Fees: $0
$2,592 /mo
Rocket Mortgage
NMLS #3030
7.035%
15-Year Fixed
6.875%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$3,568 /mo
Rocket Mortgage
NMLS #3030
7.602%
30-Year Fixed
7.500%
$4,000
Includes 1.000 points for $4,000
Lender Fees: $0
$2,797 /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
November 24th, 2010

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