LendingTree Weekly Mortgage Rate Pulse: Rates Fall Slightly

January 5, 2011 (Shirley Allen)
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According to the data collected on January 4th for LendingTree’s Weekly Mortgage Rate Pulse,  average home loan rates offered by network lenders were 5.01 percent (5.26% APR) for 30-year fixed mortgages, down from 5.16 percent the week before, 4.34 percent (4.70% APR) for 15-year fixed mortgages, which was down from 4.46 the week before,  and 3.91 percent (4.06% APR) for 5/1 adjustable rate mortgages (ARM), which was down from 4.07 percent from the previous week.

The lowest mortgage rates offered on the same day by lenders on the LendingTree network were 4.375 percent (4.57% APR) for a 30-year fixed mortgage, down from 4.625 percent the previous week, 3.75 percent (3.99% APR) for a 15-year fixed mortgage, down from 3.875 from the week before, and 3.000 percent (3.21% APR) for a 5/1 ARM, which was down from 3.125 percent from the previous week.  

The LendingTree Weekly Mortgage Rate Pulse is a snapshot of the lowest and average home loan rates available within the LendingTree network of lenders and is compiled every Wednesday from data that is gathered from the previous day to reflect the most up to date information on current mortgage rates.

See how your state compares below by comparing mortgage data including a snapshot of the lowest 30-year fixed rates offered by lenders on the LendingTree network, average loan-to-value ratio and percentage of consumers with negative equity:

STATE-BY-STATE MORTGAGE DATA 1/4/11

*Updated Quarterly

STATE LOWEST MORTGAGE RATE LOAN-TO-VALUE RATIO* % WITH NEGATIVE EQUITY*
Alabama 4.50% (4.65% APR) 67% 9.8%
Alaska 4.63% (4.82% APR) 67% 10.6%
Arizona 4.50% (4.70% APR) 94% 50%
Arkansas 4.63% (4.74% APR) 74% 12%
California 4.50% (4.63% APR) 70% 32.8%
Colorado 4.50% (4.70% APR) 72% 19.7%
Connecticut 4.50% (4.61% APR) 58% 12%
Delaware 4.50% (4.59% APR) 68% 13.5%
District of Columbia 4.50% (4.74% APR) 59% 15.5%
Florida 4.38% (4.48% APR) 90% 46.4%
Georgia 4.38% (4.52% APR) 80% 28.1%
Hawaii 4.63% (4.71% APR) 55% 10.7%
Idaho 4.50% (4.70% APR) 73% 23.7%
Illinois 4.50% (4.70% APR) 71% 19.7%
Indiana 4.50% (4.70% APR) 70% 11%
Iowa 4.63% (4.82% APR) 67% 8.8%
Kansas 4.63% (4.82% APR) 70% 10.8%
Kentucky 4.50% (4.70% APR) 67% 8.5%
Louisiana 4.50% (4.70% APR) N/A 23%
Maine 4.50% (4.70% APR) N/A 23%
Maryland 4.50% (4.63% APR) 69% 22.2%
Massachusetts 4.63% (4.75% APR) 60% 15%
Michigan 4.50% (4.64% APR) 86% 38%
Minnesota 4.50% (4.63% APR) 65% 16.3%
Mississippi 4.50% (4.70% APR) N/A 23%
Missouri 4.38% (4.57% APR) 71% 15.5%
Montana 4.63% (4.71% APR) 60% 7.7%
Nebraska 4.63% (4.82% APR) 73% 9.3%
Nevada 4.63% (4.76% APR) 120% 68.1%
New Hampshire 4.50% (4.70% APR) 69% 18.4%
New Jersey 4.50% (4.63% APR) 61% 15.4%
New Mexico 4.50% (4.70% APR) 66% 12.2%
New York 4.50% (4.61% APR) 50% 7.1%
North Carolina 4.38% (4.57% APR) 70% 10.4%
North Dakota 4.50% (4.70% APR) 60% 7.4%
Ohio 4.50% (4.70% APR) 74% 19.7%
Oklahoma 4.63% (4.74% APR) 70% 5.8%
Oregon 4.50% (4.70% APR) 69% 15.7%
Pennsylvania 4.38% (4.48% APR) 62% 7.3%
Rhode Island 4.50% (4.70% APR) 62% 20.3%
South Carolina 4.50% (4.63% APR) 71% 14.3%
South Dakota 4.50% (4.62% APR) N/A 23%
Tennessee 4.38% (4.57% APR) 71% 13.8%
Texas 4.50% (4.63% APR) 70% 11.3%
Utah 4.50% (4.70% APR) 73% 20.4%
Vermont 4.50% (4.70% APR) N/A 23%
Virginia 4.38% (4.61% APR) 71% 22.7%
Washington 4.50% (4.70% APR) 66% 15.2%
West Virginia 4.63% (4.82% APR) N/A 23%
Wisconsin 4.63% (4.82% APR) 67% 13.7%
Wyoming 4.63% (4.7%4 APR) N/A 23%

Home loan rates above are reflective of actual rates offered to borrowers by lenders on the LendingTree network. Lowest rates shown reflect the payment of one discount point. Rates will vary based on the borrower’s loan details and credit profile.

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Tags: lendingtree, mortgage rates, mortgage loans, average home rates, 30 year fixed, 15 year fixed, 5/1 arm, adjustable rate mortgage, fixed mortgage, freddie mac, lenders