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Mortgage Rates Mixed in Latest Mortgage Survey: Current 30 Year Mortgage Rates at 4.77%, 15 Year Mortgage Rates at 4.16%

Mortgage rates were mixed in the latest survey released this morning. The average contract 30 yea mortgage rate decreased to 4.77 percent for the week ending January 14, 2011, down from the previous week's average of 4.78 percent. Average mortgage points on 30 year mortgages in the Weekly Mortgage Applications Survey released this morning by the Mortgage Bankers Association were 1.20 points, up from the previous week's average of 0.91 points. The average contract interest rate on 15 year mortgages increased slightly for the week ending January 14, 2011. 15 year mortgage rates averaged 4.16 percent, up from the prior week’s average 15 year rate of 4.15 percent. Mortgage discount points averaged 0.90 points, down from the prior week’s average of 1.01 points.

Current mortgage rates were mixed in the mortgage survey and applications for mortgages were also mixed. The number of people applying for a mortgage application to purchase a home decreased while the number of people applying for a mortgage to refinance a loan increased. The seasonally adjusted Purchase Index decreased 1.9 percent from one week earlier and the Refinance Index increased 7.7 percent from the previous week.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
Home Simply
NMLS #2473786
4.930%
15-Year Fixed
4.750%
$4,803
Includes 0.927 points for $3,708
Lender Fees: $1,095
$3,112 /mo
Statewide Funding
NMLS #1105497
License: 603L227
4.961%
15-Year Fixed
4.750%
$5,625
Includes 1.000 points for $4,000
Lender Fees: $1,625
$3,112 /mo
Different Mortgage
NMLS #324599
License: 324599
5.026%
15-Year Fixed
4.875%
$4,070
Includes 0.750 points for $3,000
Lender Fees: $1,070
$3,138 /mo
Bison State Bank
NMLS #757416
5.106%
15-Year Fixed
4.990%
$3,060
Includes 0.765 points for $3,060
Lender Fees: $0
$3,162 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.175%
15-Year Fixed
5.000%
$4,628
Includes 0.982 points for $3,928
Lender Fees: $700
$3,164 /mo
Farmers Bank of Kansas City
NMLS #613839
5.183%
15-Year Fixed
4.990%
$5,099
Includes 0.803 points for $3,212
Lender Fees: $1,887
$3,162 /mo
Home Simply
NMLS #2473786
5.340%
5-Year ARM
5.250%
$4,059
Includes 0.741 points for $2,964
Lender Fees: $1,095
$2,209 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
5.418%
15-Year Fixed
5.250%
$4,463
Includes 0.839 points for $3,356
Lender Fees: $1,107
$3,216 /mo
Farmers Bank of Kansas City
NMLS #613839
5.721%
30-Year Fixed
5.625%
$4,219
Includes 0.583 points for $2,332
Lender Fees: $1,887
$2,303 /mo
Home Simply
NMLS #2473786
5.838%
30-Year Fixed
5.750%
$3,843
Includes 0.687 points for $2,748
Lender Fees: $1,095
$2,335 /mo
Different Mortgage
NMLS #324599
License: 324599
5.853%
30-Year Fixed
5.750%
$4,570
Includes 0.875 points for $3,500
Lender Fees: $1,070
$2,335 /mo
Statewide Funding
NMLS #1105497
License: 603L227
5.856%
30-Year Fixed
5.750%
$4,625
Includes 0.750 points for $3,000
Lender Fees: $1,625
$2,335 /mo
DECO Mortgage
NMLS #2561451
5.872%
30-Year Fixed
5.750%
$5,446
Includes 0.916 points for $3,664
Lender Fees: $1,782
$2,335 /mo
Bison State Bank
NMLS #757416
5.936%
30-Year Fixed
5.875%
$2,664
Includes 0.666 points for $2,664
Lender Fees: $0
$2,367 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.959%
30-Year Fixed
5.875%
$3,620
Includes 0.730 points for $2,920
Lender Fees: $700
$2,367 /mo
HSBC Bank USA, N.A.
NMLS #399799
6.106%
30-Year Fixed
6.000%
$4,703
Includes 0.844 points for $3,376
Lender Fees: $1,327
$2,399 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
6.222%
30-Year Fixed
6.125%
$4,183
Includes 0.769 points for $3,076
Lender Fees: $1,107
$2,431 /mo
Blue Sky Financial, LLC
NMLS #1954591
License: 60DBO-113383
6.357%
5-Year ARM
6.250%
$4,595
Includes 0.872 points for $3,488
Lender Fees: $1,107
$2,463 /mo
Different Mortgage
NMLS #324599
License: 324599
6.367%
5-Year ARM
6.250%
$5,042
Includes 0.993 points for $3,972
Lender Fees: $1,070
$2,463 /mo
Statewide Funding
NMLS #1105497
License: 603L227
6.370%
5-Year ARM
6.250%
$5,058
Includes 0.872 points for $3,488
Lender Fees: $1,570
$2,463 /mo
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.
 
Author: Brian McKay
January 19th, 2011

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