Current Mortgage Rates Increase This Week March 22, 2012

Mortgage rates today moved considerably higher in the most recent mortgage survey released this morning.  The increase in average mortgage rates wasn't surprising since U.S. Treasury yields moved higher week over week. This week's Primary Mortgage Market Survey released by Freddie Mac had 30 year mortgage rates back above 4.00% at 4.08% with 0.8 mortgage discount points.

This is the first time in several months 30 year mortgage rates are over 4.00%. In last week's survey, 30 year mortgage rates averaged 3.92%. An increase of 16 basis points week over week is a big increase especially since rates hovered in a tight range for the past several months.

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
in 23223, 2, 740    Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.325%
4.125%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
12/13/2019
at 2.000 pts
45 day lock rate
Est payment: $1,454
Fees in APR: $7,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.072%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
12/13/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $7,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Rocket Mortgage
Rocket Mortgage
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111574.gif
300000
Purchase
4.072%
3.875%
USD
Rocket Mortgage Logo
NMLS # 3030
12/13/2019
at 2.000 pts
45 day lock rate
Est payment: $1,411
Fees in APR: $7,250
From the lender: We can close your loan in less than a month!
 
PERIOD_FIXED_30YEARS Mortgage Loan from Quicken Loans NMLS #3030
Quicken Loans NMLS #3030
https:https://mortgagerates.icanbuy.com/images/lenderslogos/111724.gif
300000
Purchase
4.325%
4.125%
USD
Quicken Loans NMLS #3030 Logo
NMLS # 3030
12/13/2019
at 2.000 pts
45 day lock rate
Est payment: $1,454
Fees in APR: $7,250
The Better Business Bureau gives Quicken Loans and A+ for customer service.
 

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.






Current mortgage rates on 15 year conforming loans also moved higher for the week ending March 22, 2012. In the survey 15 year mortgage rates averaged 3.30% with 0.8 mortgage points, up from last week's average 15 year mortgage rate of 3.16%.

Adjustable mortgage rates on 5 year adjustable loans also increased by 16 basis points this week over last. Today's average mortgage rates on 5 year adjustable loans are at 2.96% with 0.7 points, up from last week's average 5 year adjustable mortgage rate of 2.83%.

1 year adjustable rates moved higher this week but only by 5 basis points to 2.84%, up from an average rate of 2.79%. Average mortgage points on 1 year adjustable home loans this week was 0.6%.
 
 
Author: Brian McKay
March 22nd, 2012
Posted in: Bank Mortgage Rates