Will Home Loan Rates Rise in 2011?

By Franklin Rhodes • January 17th, 2011

The buzz around mortgage circles these days is whether or not the home loan rates will continue to rise in 2011. Many mortgage executives believe the dropping interest rates to be short-lived. According to the Lead Planet weekly mortgage lead report, loan applications increased as the rates decreased. The mortgage lead generation company publishes these reports as a snapshot of the lowest and average interest rates available within the Lead Planet network of loan companies.

On January 11, average home loan rates offered by Lead Planet network loan companies came in at 4.875% (5.02% APR) for 30-year home loans with fixed interest rates. 15-year home loans with fixed rates came in at 4.25% (4.52% APR) and 3.625% (3.96% APR) for 5/1 ARM.

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