Mortgage Rates Rise: 30 Year Mortgage Rates at 5.04%

Mortgage rates are higher in the most recent mortgage survey released this morning. The average contract interest rate on 30 year mortgages stayed above 5.00% for the second consecutive week.

The average 30 year mortgage rate increased to 5.04 percent for the week ending March 26, 2010, an increase from last week’s average mortgage rate of 5.01% according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Average mortgage discount points increased to 1.07 points, an increase from the previous week's average of 0.76 points.

Looking for today’s mortgage rates and refinance rates? Search our mortgage rate tables for the best rates: MortgageRates.MonitorBankRates.com.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are ICB's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #757416

5.648%

15-Year Fixed

5.500%

$3,848

Includes 0.962 points for $3,848

Lender Fees: $0

$3,269 /mo

Next >

NMLS #1067

5.735%

15-Year Fixed

5.625%

$2,848

Includes 0.712 points for $2,848

Lender Fees: $0

$3,295 /mo

Next >

NMLS #1025894

5.774%

15-Year Fixed

5.625%

$3,856

Includes 0.789 points for $3,156

Lender Fees: $700

$3,295 /mo

Next >

NMLS #1067

6.708%

30-Year Fixed

6.625%

$3,440

Includes 0.860 points for $3,440

Lender Fees: $0

$2,562 /mo

Next >

NMLS #757416

6.713%

30-Year Fixed

6.625%

$3,660

Includes 0.915 points for $3,660

Lender Fees: $0

$2,562 /mo

Next >

NMLS #2473786

6.735%

30-Year Fixed

6.624%

$4,611

Includes 0.879 points for $3,516

Lender Fees: $1,095

$2,561 /mo

Next >

NMLS #1025894

6.739%

30-Year Fixed

6.625%

$4,696

Includes 0.999 points for $3,996

Lender Fees: $700

$2,562 /mo

Next >

NMLS #399799

6.872%

30-Year Fixed

6.750%

$5,180

Includes 0.963 points for $3,852

Lender Fees: $1,328

$2,595 /mo

Next >

NMLS #401822

6.884%

30-Year Fixed

6.750%

$5,495

Includes 0.875 points for $3,500

Lender Fees: $1,995

$2,595 /mo

Next >

NMLS #3030

6.889%

15-Year Fixed

6.750%

$3,500

Includes 0.875 points for $3,500

Lender Fees: $0

$3,540 /mo

Next >

NMLS #3030

7.602%

30-Year Fixed

7.500%

$4,000

Includes 1.000 points for $4,000

Lender Fees: $0

$2,797 /mo

Next >

NMLS #401822

7.804%

15-Year Fixed

7.500%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,709 /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.

The average contract 15 year mortgage rate increased to 4.34% for the week ending March 26, 2010, up from the prior week’s average 15 year mortgage rate of 4.33%. Mortgage discount points increased to 0.98 points, up from 0.77 points the prior week.

The average contract rate for 1 year adjustable mortgages increased to 6.88 percent for the week ending March 19, 2010, up from the prior week's average adjustable mortgage rate of 6.75 percent. Mortgage discount points decreased to 0.31 points from 0.32 points.

For a more extensive report on today’s mortgage rates and refinance rates, MonitorBankRates.com released its Weekly Mortgage Rate Report earlier this week, which follows:

Jumbo Rate Mortgages

30 year jumbo bank mortgage rates are averaging  in at 5.59 percent this week, up from the previous week’s average jumbo home loan rate of 5.56 percent. Jumbo refinance rates were also up this week to 5.56 percent. The average 15 year jumbo mortgage rate is at 5.07 percent this week, up from last week’s average jumbo rate of  5.04. This is the second consecutive week 15 year jumbo rates are above 5.00 percent. 15 year jumbo refinance rates are also averaging 5.07 percent this week.

Adjustable Conforming Mortgage Rates

1 year conforming adjustable mortgage interest rates are averaging 4.48 percent this week, unchanged from last week’s average 1 year home loan rate of 4.48 percent. 1 year mortgage refinance rates were also unchanged this week at 4.48 percent. 3 year conforming adjustable home loan mortgage rates are at 4.66 percent this week, up from last week when 3 year home mortgage rates averaged 4.58 percent. The current average 3 year refinance rate is also at 4.58 percent this week. 5 year conforming adjustable mortgages are averaging 4.04 percent this week, up from last week’s average home loan rate of 3.92 percent. The current average 5 year mortgage refinance rate this week is also up to 4.04 percent. The average 7 year conforming ARM is at 4.55 percent this week, up from last week’s average mortgage loan interest rate of 4.41 percent. 7 year mortgage refinance rates are also higher at 4.55 percent this week. 10 year adjustable mortgage rates are averaging 4.86 percent this week, an increase from last week’s average mortgage interest rate of 4.80 percent. 10 year home loan refinance rates are also averaging 4.86 percent.

Adjustable Jumbo Mortgage Rates

The average 1 year jumbo ARM is at 5.59 percent this week, unchanged from last week’s average home loan interest rate. The average 3 year jumbo ARM is at 5.35 percent this week, up from the prior week’s average home loan rate of 5.24 percent. 3 year home refinance rates are up to 5.35 percent this week. The average 5 year jumbo ARM is at 4.69 percent this week, an increase from last week’s average mortgage rate of 4.57 percent. Current 5 year refinance loan rates are also averaging 4.69 percent. 7 year jumbo ARMs are averaging 5.45 percent this week, up from last week’s average loan mortgage rate of 5.40 percent. 7 year loan refinance rates are also averaging 5.45 percent this week. 10 year jumbo mortgage interest rates are averaging 5.97 percent this week, an increase from last week’s average 10 year rate of 5.77 percent. 10 year jumbo refinance loan rates are also lower this week - the average rate is 5.97 percent.

Interest Only Conforming Mortgage Rates

The average 3 year interest only mortgage rate is at 4.91% this week, up from the prior week’s average mortgage interest rate of 4.84%. The average 5 year interest only home loan is at 4.23% this week, up from last week’s average five year home interest only mortgage rate of 4.11%. 7 year IO home loans are averaging 4.73% this week, an increase from last week’s average interest rate of 4.58%.

Interest Only Jumbo Mortgage Rates

3 year jumbo IO loans are averaging 5.76 percent this week, down from last week’s jumbo interest mortgage rate of 5.83 percent. The average 5 year jumbo IO loan rate is at 5.32 percent, up from the prior week’s average IO mortgage rate of 5.18 percent. The average 7 year jumbo IO loan is at 5.85 percent, up from the prior week’s average jumbo 7 year rate of 5.79 percent.

Home Equity Loan Rates

The average home equity loan rate was up this week over last. 10 year home equity loan rates are at 7.364 percent this week, down from last week’s average equity home loan rate of 7.457. 15 year home equity rates averaged 7.562 percent, down from last week’s average home equity rate of 7.780.

Home Equity Line of Credit Rates (HELOC)

Average home equity line of credit rates are at 4.777 percent this week, unchanged from last week’s average HELOC rate.