Current Mortgage Interest Rates – Weekly Trend Lower

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(Best Syndication News) Mortgage rates were slightly higher today but still lower for the week (see chart below).

30-Year Fixed Mortgage Rates

The average 30-year fixed rate mortgage (FRM) increased less than one basis point to 4.918 percent. Over the week it has fallen four points. Over the last month it fell 31 points.

Despite the recent decline, the 100-day trend is 57 basis points higher.

Citibank lowered their 30-year rate one basis point to 5.12 percent.

SunTrust raised their rate one basis point to 4.88 percent. Their rate is 61 points higher for the month. SunTrust also offers FHA financing. That rate is one point lower to 5.31 percent.

Chase Bank raised their rate one basis point to 5.08 percent. The bank also offers 20-year fixed loans. That rate increased five points to 4.96 percent.

15-Year FRM and 5-Year ARM

The average 15-year fixed mortgage rate increased two points to 4.227 percent. Over the last week the rate has fallen.

Citibank raised their rate four points to 4.57 percent.

The average 5/1 adjustable rate mortgage (ARM) increased one basis point to 3.271 percent.

Jumbo Loans

Jumbo loans exceed the maximum amount accepted by Fannie. This makes the loans harder to sell.

The average 30-year jumbo mortgage rate hit 5.317 percent, up one basis point.

The average 15-year fixed jumbo rate jumped one point to 4.506 percent.

By: John Waters
Business Reporter

Click here for Mortgage Rates Today

Best Syndication News Mortgage Survey
Friday 1 Day 5 Day 30 Day 100-Day 1 Week
03/18/11 Overall Average APR* Point Ch. Point Ch. Point Ch. Point Ch. Average
4.918% Average 30 yr fixed 0 -4 -31 57 4.94%
4.227% Average 15 year FRM 2 -4 -34 38 4.24%
3.271% Average 5/1 ARM 1 -1 -10 6 3.27%
5.317% 30 Yr Fixed Jumbo 1 -4 -27 32 5.32%
4.506% 15 Yr Fixed Jumbo 1 -1 -21 40 4.51%
3/18/11 Citi Financial 1 Day 5 Day 30 Day 100-Day 1 Week
5.12% 30 Year Fixed -1 -1 -24 46 5.14%
4.57% 15 Year Fixed 4 8 -22 24 4.52%
3.34% 5/1 Libor ARM 4 4 -13 -5 3.32%
3/18/11 Sun Trust Bank 1 Day 5 Day 30 Day 100-Day 1 Week
4.88% 30 Yr Fixed Conventional 1 -1 -37 61 4.86%
4.23% 15 Yr Fixed Conventional 0 -12 -30 35 4.26%
5.76% 30 Yr Jumbo Fixed 1 -1 -36 51 5.74%
3.18% Agency 5/1 ARM 30 Yr 0 -2 -12 9 3.19%
3.39% Agency 7/1 ARM 30 Yr 1 -4 -21 21 3.40%
5.31% 30 Yr FHA - Fixed -1 -5 -26 46 5.32%
03/18/11 Chase 1 Day Pt 5 Day Pt 30 Day Pt 100-Day 1-wk Avg
5.08% 30-Year Fixed Rate 1 -2 -26 49 5.08%
4.96% 20-Year Fixed Rate 5 -3 -38 46 4.93%
4.30% 15-Year Fixed Rate 0 -6 -23 20 4.32%
3.48% 7/1 ARM 0 -17 -43 6 3.55%
3.20% 5/1 ARM 0 -9 -26 -3 3.23%
* Average includes more banks than listed
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