mortgage-rates-current-mortgage-rates-at-49230-year mortgage rates increased slightly in this week's Mortgage Applications Survey released by the Mortgage Bankers Association (MBA). The average contract interest rate for 30 year mortgages rose to 4.92 percent, up from last week's average 30 year mortgage rate of 4.88 percent. Average mortgage discount points were down to 1.08 points from 1.17 points.

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The average contract mortgage rate for 15-year mortgages remained unchanged this week at 4.33 percent. Average mortgage discount points decreased to .91 point from 1.02 points the week before.

One-year adjustable mortgage rates decreased again this week, the average contract rate for one-year mortgages is at 6.52 percent, down from the prior week's average of 6.55 percent.

The MBA's Market Composite Index, which is a measure of mortgage loan application volume, increased 0.3 percent on a seasonally adjusted basis from one week earlier. The Refinance Index, which is a measure of mortgage refinance application loan volume, increased 0.9 percent from the previous week.

 
Posted by Brian McKay on 12/16/2009 01:27 PM   Comments (0)   Mortgage Rates in the ActiveRain Channel   mortgage rates  
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Brian McKay

Westport, CT

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