Mortgage Rates Rise But Still Near Record Lows

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Mortgage rates moved higher overnight according to mortgage rate research web site, MonitorBankRates.com. According to their data, 30 year mortgages averaged 4.15% . 15 year mortgage rates moved in the opposite direction moving slightly lower from 3.45% to 3.44%.

We are looking forward to Freddie Mac’s weekly market survey which should be out in the next few hours. Last week, mortgage interest rates rose sharply on news of better than expected employment data. According to the survey, over 100,000 jobs where added in the United State in September. As a result of the news, long term  Treasury bond yields and mortgage rates moved higher.

Below is a snapshot of today’s mortgage pricing pulled from ForTheBestRate.com (North Carolina refinance rates used in the sample). Please visit the site for the criteria used in their survey. Rates are subject to change.

30 yr mortgage rates

Amerisave: 4.250% Note Rate – $1995 Fees in APR – 4.335% APR
Gateway Bank Mortgage: 4.125% Note Rate – $1175 Fees in APR – 4.174% APR
American Financial Resources: 4.000% Note Rate – $0 Fees in APR – 4.000% APR

20 yr mortgage rates

Gateway Bank Mtge: 3.875% Note Rate – $875 Fees in APR – 3.925% APR
American Financial Resources: 3.875% Note Rate – $0 Fees in APR – 3.875% APR
New American Funding: 4.875% Note Rate – $0 Fees in APR – 4.875% APR

15 yr mortgage rates

Amerisave: 3.250% Note Rate – $1995 Fees in APR – 3.395% APR
Quicken Loans: 3.750% Note Rate – $2303 Fees in APR – 3.920% APR
Gateway Bank Mortgage: 3.625% Note Rate – $875 Fees in APR – 3.689% APR
American Financial Resources: 3.750% Note Rate – $0 Fees in APR – 3.750% APR

10 yr mortgage rates

Gateway Bank Mortgage: 3.500% Note Rate – $875 Fees in APR – 3.593% APR
American Financial Resources: 3.250% Note Rate – $0 Fees in APR – 3.250% APR

 

Anna Platz is an Editor at ForTheBestRate.com, a leading mortgage rate research website, as well as the Lead Contributor to GoodCentsSavings.com, a blog about budgeting and personal finance. Anna is immersed in the world of real estate, mortgage, and home financing and is here to provide valuable resources for homeowners and soon-to-be-homeowners on buying and selling real estate, researching a mortgage broker or lender, and securing a home loan. Check back often for news, updates, and remember that you can find today's current mortgage rates at ForTheBestRate.com. My Google Profile+

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