Mortgage Rates Up This Week: 30 Year Mortgage Rates at 5.14%

After weeks of floating closer and closer to 5 percent, the national average rate on a 30-year fixed conforming mortgage increased slightly this week from 5.06% last week to 5.14%, according to Informa Research Services’ weekly survey of interest rates.

While the average remains low, there are far lower rates available to qualified borrowers. Informa Research Services, a subsidiary of Informa plc (LSE: INF) suggests looking to online tables to find the best deals.

Checking online rates tables, like those found on MonitorBankRates.com can help consumers discover lenders with rates below the national average. For instance, all of the 30-year fixed rates currently posted by AimLoan are well below the national average.

Loan Term
Lender
APR / Rate
Fees / Points
Payment
PenFed Credit Union
NMLS #401822
5.157%
15-Year Fixed
4.875%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
$3,138 /mo
District Lending
NMLS #1835285
5.478%
15-Year Fixed
5.250%
$6,000
Includes 1.000 points for $4,000
Lender Fees: $2,000
$3,216 /mo
Surety Home Loans
NMLS #1981224
5.535%
15-Year Fixed
5.250%
$7,500
Includes 0.875 points for $3,500
Lender Fees: $4,000
$3,216 /mo
Watermark Capital
NMLS #1838
5.917%
15-Year Fixed
5.750%
$4,331
Includes 0.708 points for $2,832
Lender Fees: $1,499
$3,322 /mo
Solidify Mortgage Advisors
NMLS #1283930
License: 01970483
5.933%
15-Year Fixed
5.750%
$4,737
Includes 0.903 points for $3,612
Lender Fees: $1,125
$3,322 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.013%
15-Year Fixed
5.875%
$3,552
Includes 0.713 points for $2,852
Lender Fees: $700
$3,349 /mo
District Lending
NMLS #1835285
6.368%
30-Year Fixed
6.250%
$5,000
Includes 0.750 points for $3,000
Lender Fees: $2,000
$2,463 /mo
Surety Home Loans
NMLS #1981224
6.403%
30-Year Fixed
6.250%
$6,500
Includes 0.625 points for $2,500
Lender Fees: $4,000
$2,463 /mo
Rocket Mortgage
NMLS #3030
6.513%
15-Year Fixed
6.375%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,458 /mo
Watermark Capital
NMLS #1838
6.739%
30-Year Fixed
6.625%
$4,719
Includes 0.805 points for $3,220
Lender Fees: $1,499
$2,562 /mo
Solidify Mortgage Advisors
NMLS #1283930
License: 01970483
6.749%
30-Year Fixed
6.625%
$5,125
Includes 1.000 points for $4,000
Lender Fees: $1,125
$2,562 /mo
Surety Home Loans
NMLS #1981224
6.788%
5-Year ARM
6.625%
$6,840
Includes 0.940 points for $3,760
Lender Fees: $3,080
$2,562 /mo
District Lending
NMLS #1835285
6.890%
5-Year ARM
6.750%
$5,756
Includes 0.939 points for $3,756
Lender Fees: $2,000
$2,595 /mo
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.958%
30-Year Fixed
6.875%
$3,392
Includes 0.673 points for $2,692
Lender Fees: $700
$2,628 /mo
PenFed Credit Union
NMLS #401822
7.034%
30-Year Fixed
6.875%
$6,500
Includes 0.625 points for $2,500
Lender Fees: $4,000
$2,628 /mo
Rocket Mortgage
NMLS #3030
7.313%
30-Year Fixed
7.250%
$2,500
Includes 0.625 points for $2,500
Lender Fees: $0
$2,729 /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.

Furthermore, unlike some sites, these online resources require only minimal information to retrieve mortgage rates to fit your unique situation. Usually, the only information needed to see what low rates you may qualify for is loan amount, property value, and location of the property.

 
Author: Brian McKay
December 23rd, 2009

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