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
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