Home Mortgage Rates Mixed As Inflation is Tame
Mortgage ratesare mixed in this week's Primary Mortgage Market Survey released by Freddie Mac Thursday's morning. Fixed conforming 30 year mortgage rates averaged 4.74 percent with 0.8 mortgage points for the week ending January 20, 2011. 30 year mortgage rates increased this week even though inflation numbers were tame. The prior week saw 30 year mortgage rates lower averaging 4.71 percent.
Fixed conventional 15 year home mortgage rates headed in the opposite direction. 15 year fixed convention mortgage loan rates averaged 4.05 percent for the week ending January 20, 2011. The average mortgage points on 15 year mortgages was 0.8 points. The mortgage survey for the week ending 1/13 mortgage rates were higher. 15 year year mortgages averaged 4.08 percent with 0.7 mortgage points.
5 year Treasury-indexed adjustable mortgage rates averaged 3.69 percent for the week ending January 20, 2011 with 0.7 mortgage points. The previous week saw 5 year adjustable mortgage rates averaging 3.72 percent with 0.7 points. Short term adjustable mortgage rates fluctuate more then long term mortgage rates since short term bond yields can fluctuate more.
1 year U.S. Treasury-indexed adjustable mortgage rates averaged 3.25 percent for the week ending January 20, 2011. 1 year adjustable rates on mortgages were higher this week, last week 1 year adjustable interest rates were averagign 3.23 percent. Mortgage points on 1 year home loans averaged 0.6 points, the same the the prior week's survey.
RatesORama.com Average Mortgage Rates