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
Show Advertiser Disclosure
Lender
APR / Rate
Fees / Points
Payment
Direct Home Lending
NMLS #274058
5.552%
15-Year Fixed
5.375%
$4,638
Includes 0.637 points for $2,548
Lender Fees: $2,090
$3,242 /mo
Next >
PenFed Credit Union
NMLS #401822
5.554%
15-Year Fixed
5.250%
$8,000
Includes 1.000 points for $4,000
Lender Fees: $4,000
$3,216 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
5.756%
15-Year Fixed
5.625%
$3,404
Includes 0.676 points for $2,704
Lender Fees: $700
$3,295 /mo
Next >
New American Funding, LLC.
NMLS #6606
5.884%
15-Year Fixed
5.740%
$3,732
Includes 0.933 points for $3,732
Lender Fees: $0
$3,320 /mo
Next >
Direct Home Lending
NMLS #274058
6.515%
5-Year ARM
6.375%
$5,894
Includes 0.951 points for $3,804
Lender Fees: $2,090
$2,496 /mo
Next >
Direct Home Lending
NMLS #274058
6.632%
30-Year Fixed
6.500%
$5,506
Includes 0.854 points for $3,416
Lender Fees: $2,090
$2,529 /mo
Next >
Mutual of Omaha Mortgage, Inc.
NMLS #1025894
6.721%
30-Year Fixed
6.625%
$3,956
Includes 0.814 points for $3,256
Lender Fees: $700
$2,562 /mo
Next >
PenFed Credit Union
NMLS #401822
6.770%
30-Year Fixed
6.625%
$5,995
Includes 1.000 points for $4,000
Lender Fees: $1,995
$2,562 /mo
Next >
Rocket Mortgage
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 >
New American Funding, LLC.
NMLS #6606
6.960%
30-Year Fixed
6.875%
$3,468
Includes 0.867 points for $3,468
Lender Fees: $0
$2,628 /mo
Next >
Rocket Mortgage
NMLS #3030
7.589%
30-Year Fixed
7.500%
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$2,797 /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.

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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