Mortgage Rates Mixed in Latest Mortgage Survey: 15 Year Mortgage Rates Highest Since April 2010

Mortgage rates are mixed in the latest mortgage survey released this morning by the Mortgage Bankers Association (MBA). In the Weekly Mortgage Application Survey 30 year mortgage rates decreased and 15 year mortgage rates increased. The average 30 year mortgage rate stayed above 5.00 percent for the second consecutive week. The average contract mortgage rate on 30 year mortgages is 5.12 percent for the week ending February 11, 2011, a slight decrease from the previous week's average of 5.13 percent. Average mortgage discount points increased to 0.85 percent, up from the prior week's average of 0.84 percent.

The average contract 15 year mortgage rate increased to 4.34 percent for the week ending February 11, 2011, an increase from the prior week's average contract 15 year mortgage rate of 4.29 percent. This is the highest point for 15 year mortgage rates since April 2010. Mortgage points averaged 0.85 points, down from the prior week’s average of 1.02 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 #1835285

4.938%

15-Year Fixed

4.750%

$5,000

Includes 0.750 points for $3,000

Lender Fees: $2,000

$3,112 /mo

Next >

NMLS #2578474

5.305%

15-Year Fixed

5.125%

$4,750

Includes 0.925 points for $3,700

Lender Fees: $1,050

$3,190 /mo

Next >

NMLS #2326098

License: 60DBO-181478

5.338%

15-Year Fixed

5.125%

$5,793

Includes 0.960 points for $3,840

Lender Fees: $1,953

$3,190 /mo

Next >

NMLS #1689962

License: 02053435

5.376%

15-Year Fixed

5.250%

$3,308

Includes 0.827 points for $3,308

Lender Fees: $0

$3,216 /mo

Next >

NMLS #401822

5.409%

15-Year Fixed

5.125%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,190 /mo

Next >

NMLS #1025894

5.532%

15-Year Fixed

5.375%

$4,104

Includes 0.851 points for $3,404

Lender Fees: $700

$3,242 /mo

Next >

NMLS #1835285

5.842%

30-Year Fixed

5.750%

$4,000

Includes 0.500 points for $2,000

Lender Fees: $2,000

$2,335 /mo

Next >

NMLS #1835285

5.886%

5-Year ARM

5.750%

$5,960

Includes 0.990 points for $3,960

Lender Fees: $2,000

$2,335 /mo

Next >

NMLS #2578474

6.099%

30-Year Fixed

6.000%

$4,250

Includes 0.800 points for $3,200

Lender Fees: $1,050

$2,399 /mo

Next >

NMLS #1689962

License: 02053435

6.213%

30-Year Fixed

6.125%

$3,756

Includes 0.939 points for $3,756

Lender Fees: $0

$2,431 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.234%

30-Year Fixed

6.125%

$4,833

Includes 0.720 points for $2,880

Lender Fees: $1,953

$2,431 /mo

Next >

NMLS #401822

6.265%

30-Year Fixed

6.125%

$5,995

Includes 1.000 points for $4,000

Lender Fees: $1,995

$2,431 /mo

Next >

NMLS #3030

6.281%

15-Year Fixed

6.125%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$3,403 /mo

Next >

6.326%

30-Year Fixed

6.250%

$3,228

Includes 0.625 points for $2,500

Lender Fees: $728

$2,463 /mo

Next >

NMLS #1025894

6.456%

30-Year Fixed

6.375%

$3,400

Includes 0.675 points for $2,700

Lender Fees: $700

$2,496 /mo

Next >

NMLS #2326098

License: 60DBO-181478

6.882%

5-Year ARM

6.750%

$5,621

Includes 0.917 points for $3,668

Lender Fees: $1,953

$2,595 /mo

Next >

NMLS #3030

6.973%

30-Year Fixed

6.875%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,628 /mo

Next >

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

February 16th, 2011

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