Mortgage Rates Mixed in Latest Mortgage Survey: 30 Year Mortgage Rates at 4.80%, 15 Year Mortgage Rates at 4.12%

The average contract rate on fixed long term mortgage rates is mixed in the latest survey released this morning by the Mortgage Bankers Association. The average contract 30 year mortgage rate increased to 4.80 percent for the week ending January 21, 2011, up from the previous week’s average of 4.77 percent. Average mortgage points on 30 year mortgages was 1.19 points, down from the previous week’s average of 1.20 points.

The average contract rate on 15 year mortgages decreased slightly for the week ending January 21, 2011. 15 year mortgage rates averaged 4.12 percent, down from the prior week’s average 15 year rate of 4.16 percent. Mortgage discount points averaged 1.26 points, up from the prior week’s average of 0.90 points.

Author: Brian McKay
January 26th, 2011

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