Snapshot of Current Mortgage Rates

Mortgage rates inched slightly higher last week according to Freddie Mac's mortgage market survey with 30 year fixed mortgage rates climbing to 4.81% (.7 pts). 15 year mortgage rates also rose back above 4%  while 5 year ARM and 1 year ARM rates also increased 0.05% and 0.04% respectively. These rates were highly than the previous week but still lower than we've seen since the end of January and beginning of February 2011.

Today on ForTheBestRate.com, Atlanta based lender, PREO Mortgage LLC, is advertising the lowest 30 year fixed mortgage rates in North Carolina with an APR of 4.771% (4.750% note rate/0 pts/$490 in fees). American Financial Resources is posting the second lowest 30 year APR at 4.802% (4.625% note rate/1.73 pts/$595 in fees).

PREO Mortgage, LLC is also listing the lowest 15 year fixed mortgage rates at 4.161% with zero points and $490 in fees. Amerisave and American Financial Resources are both posting 15 year home loan rates with APRs at 4.294%.

North Carolina mortgage lender, Gateway Bank Mortgage is advertising the lowest 5/1 ARM rates in the NC survey at 3.144% APR (3.000% note rate/ 1.375 pts/$875 in fees).

To see current mortgage rates in your area, please visit the mortgage rate tables available at ForTheBestRate.com.