30 & 15 Year Mortgage Rates – March 10, 2011
Mortgage-Press, March 10, 2011 — Mortgages rates for 30 Year and 15 Year fixed loan rates remained the same this week, although they were expected to rise. An increase in unemployment claims has caused mortgage rates to remain steady. We researched current mortgage rates to bring you the lowest reported rates available and this is what we found.
Current mortgage rates for 30 year fixed conforming loans are 4.750% and 15 year fixed mortgage rates are 3.875%*. Mortgage-press.com could not find any other site that published mortgage rates this low.
We also researched rates for California, Arizona, Colorado, Florida and New York. Current 30 Year and 15 Year rates are listed in the tables below.
| 30 Year Fixed Conforming Rates** | ||
| State | Rates | APR |
| California | 4.957% | 5.058% |
| Arizona | 4.916% | 4.994% |
| Colorado | 4.875% | 4.957% |
| Florida | 4.125% | 4.509% |
| New York | 4.959% | 5.028% |
| 15 Year Fixed Conforming Rates** | ||
| State | Rates | APR |
| California | 4.245% | 4.413% |
| Arizona | 4.175% | 4.303% |
| Colorado | 4.163% | 4.291% |
| Florida | 3.250% | 3.820% |
| New York | 4.297% | 4.405% |
Fixed rate loans have their benefits. Consumers who want a monthly mortgage payment that will not change over the term their loan will like this type of mortgage. These loans are beneficial because they make it easy for consumers to budget their monthly payment. The down side of a 30 Year Fixed loan is that the consumer ends up paying more interest over the life of the loan. A 15 Year Fixed loan allows for a fixed monthly payment, as well as paying less interest.
Mortgage-Press.com researches the best rates that we can find on the Internet. If you believe you have better rates to publish, please contact us at: themortgagepress@gmail.com
* Rates were originally published on FreeRateUpdate.com
** Rates were originally published by ERATE.com
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