Today’s Mortgage Rates Move Higher as Property Values Rise $372 Billion in Q1

Today's mortgage rates are higher as Treasury yields bounced off record lows set last week. In another report homeowners saw an aggregate $372 billion rise in property values over the first three months of 2012 according to a statistical release from the Federal Reserve.

Record low mortgage rates today are finally helping the housing market recover from some of the home price declines since 2006. Record low refinance rates are also helping millions of homeowners refinance to a lower refinance rate.

Current mortgage rates which are only sightly higher from all-time record lows haven't curtailed the demand for mortgages as the MBA's survey showed a 18 percent increase in the demand for mortgage loans this week.

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

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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 #78669

5.408%

15-Year Fixed

5.125%

$7,658

Includes 0.810 points for $3,240

Lender Fees: $4,418

$3,190 /mo

Next >

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 >

NMLS #1025894

5.667%

15-Year Fixed

5.490%

$4,600

Includes 0.975 points for $3,900

Lender Fees: $700

$3,267 /mo

Next >

NMLS #6606

5.904%

15-Year Fixed

5.750%

$3,976

Includes 0.994 points for $3,976

Lender Fees: $0

$3,322 /mo

Next >

NMLS #78669

6.190%

5-Year ARM

6.000%

$8,390

Includes 0.993 points for $3,972

Lender Fees: $4,418

$2,399 /mo

Next >

NMLS #78669

6.546%

30-Year Fixed

6.375%

$7,398

Includes 0.745 points for $2,980

Lender Fees: $4,418

$2,496 /mo

Next >

NMLS #1025894

6.720%

30-Year Fixed

6.625%

$3,916

Includes 0.804 points for $3,216

Lender Fees: $700

$2,562 /mo

Next >

NMLS #6606

6.844%

30-Year Fixed

6.750%

$3,880

Includes 0.970 points for $3,880

Lender Fees: $0

$2,595 /mo

Next >

NMLS #3030

6.869%

15-Year Fixed

6.750%

$3,000

Includes 0.750 points for $3,000

Lender Fees: $0

$3,540 /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

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.

In Freddie Mac's Primary Mortgage Market Survey this week fixed conforming mortgage rates increased while adjustable conforming mortgage rates decreased. There we no big moves in average rates this week since bond yields traded in tight range of less than 15 basis points.

30 year conventional mortgage rates averaged 3.71 percent with 0.7 mortgage points for the week ending June 14, 2012, up from the previous week's average 30 year mortgage rate of 3.67 percent. Today's mortgage rates for 30 year loans are averaging 3.67 percent (National Average Bankrate.com Mortgage Rates).

Conventional 15 year mortgage rates averaged 2.95 percent with 0.7 points for the week ending June 14, 2012, up from the prior week's average 15 year mortgage rate of 2.94 percent. This is the third consecutive week 15 year mortgage rates have remained under 3.00 percent in the PMMS. Mortgage rates currently on 15 year mortgage loans are averaging 3.02 percent.

5 year adjustable mortgage rates today are averaging 2.80 percent with 0.6 points for the that ended on June 14, 2012, a decline from last week's average 5 year adjustable mortgage rate of 2.84 percent.

Adjustable mortgage rates currently on 1 year loans are averaging 2.75 percent. In Freddie Mac's PMMS 1 year adjustable mortgage rates declined to 2.78 percent with 0.5 mortgage points for the week ending June 14, 2012, a 1 basis point decrease from the prior week's average 1 year adjustable mortgage rate of 2.79 percent.