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Strong Job Numbers Send Mortgage Rates Higher: 30 Year Mortgage Rates Today at 3.59%
 

Strong Job Numbers Send Mortgage Rates Higher: 30 Year Mortgage Rates Today at 3.59%

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Mortgage rates have been making new lows it seemed almost every single week in 2012. The downtrend in average mortgage rates has ended for now. Mortgage rates today in Freddie Mac's mortgage rate survey. This is the second consecutive week the fixed conforming mortgage rates moved higher.

Current mortgage rates on 30 year conforming mortgage loans are at 3.59 percent with 0.6 mortgage discount points for the week ending August 9, 2012. The average 30 year mortgage rate increased from the prior week's average of 3.55 percent.

Depending on the state you live in your can find lenders advertising 30 year conforming mortgage interest rates and refinance rates below the average. In fact right now some current lenders are offering 30 year refinance rates as low as 3.25 percent with points.

Mortgage rates on 15 year fixed conventional loans averaged 2.84 percent with 0.6 mortgage discount points for the week ending August 9, 2012. Average 15 year mortgage rates are up from last week's average of 2.83 percent. Today's mortgage rates on 15 year conforming loans can be found as low as 2.50 percent with points by comparing rates on our 15 year rate list.

Average adjustable mortgage rates were mixed in this week's mortgage rate survey. Mortgage rates today on 5 year adjustable loans averaged 2.77 percent with 0.6 mortage discount points. The average 5 year mortgage rate is up from last week's average of 2.75 percent.

Current mortgage rates today on 1 year adjustable loans are lower. The average 1 year adjustable mortgage rate is at 2.65 percent with 0.4 mortgage discount points. Down from last week's average 1 year adjustable mortgage rate of 2.70 percent.

Author: Stacy Everest
August 10th, 2012