Mortgage rates were down again this week, continuing the down trend of the past several weeks. Both conforming mortgage rates and fixed jumbo mortgage rates were down.
One year adjustable mortgage rates did move higher. Jumbo adjustable mortgage rates were up 35 basis points, a big one week move.
Home equity line of credit rates (HELOC) also had a big move down. The average HELOC rate fell to 4.669 percent this week, down 23 basis points from the prior week's average line of credit rate.
Mortgage Rates
Conforming 30 year mortgage rates are averaging 5.01 percent this week, down from last week's average loan rate of 5.05 percent. 30 year FHA mortgage rates are averaging less the conforming rates.
15 year conforming mortgage interest rates are at 4.35 percent this week, down from the prior week's average interest rate of 4.40 percent.
Current Jumbo Mortgage Rates
Current fixed 30-year jumbo loan rates are averaging 5.65% this week, down from the previous week's average jumbo interest rate of 5.74%.
The average fixed 15 year jumbo loan is averaging 5.11% this week, down from last week's average jumbo home loan interest rate of 5.21%.
Today's Adjustable Mortgage Rates
The average conforming 1 year adjustable mortgage rate is at 4.25% this week, up from last week's average 1 year loan rate of 4.23%.
The average 3 year adjustable mortgage interest rate is averaging 4.40%, down from last week's average interest loan rate of 4.42%.
Conforming 5 year adjustable mortgage loan rates are averaging 4.16% this week, up from the previous week's average mortgage rate of 4.14%.
Conforming 7 year adjustable interest mortgage rates are averaging 4.40%, down from last week's average bank mortgage rate of 4.59%.
Conforming 10 year mortgage current rates are averaging 4.88%, down from the previous week's average mortgage rate of 4.99%.
Adjustable Jumbo Mortgage Rates
1 year jumbo adjustable mortgage bank rates are averaging 5.65% this week, up from the prior week's average home mortgage loan rate 5.30%. Mortgage refinance rates are also averaging 5.65%.
The average jumbo 3-year jumbo ARM is at 5.05% this week, down from last week's average adjustable rates home loan of 5.25%.
5 year jumbo adjustable mortgage rates today are averaging 4.76% this week, down from the prior week's average home interest mortgage rate 0f 4.91%. 5 year rates are some of the best mortgage rates available right now.
7 year jumbo ARMs are averaging 5.50% this week, up from last week's average loan mortgage rate of 5.44%.
The average 10 year jumbo home mortgage rate is at 5.83%, down from the prior week's average 10 year mortgage rate of 5.92%. 10 year mortgage rate refinance rates are also averaging 5.83%.
Conforming Interest Only Mortgage Rates
3 year interest only mortgage best rates are averaging 4.60% this week, up from the prior week's average interest rate of 4.59%.
5 year interest only loans are averaging 4.27% this week, down from last week's average five year interest only mortgage rate of 4.31%.
7 year interest only home loans are averaging 4.62% this week, down from last week's average interest rate of 4.75%.
Jumbo Interest Only Mortgage Rates
3 year jumbo interest only mortgages are averaging 5.55% this week, down from last week's jumbo interest mortgage rate of 5.58%.
5 year jumbo IO loan rates are averaging 5.32%, up from the prior week's average IO mortgage rate of 4.91%.
The average jumbo 7 year IO loan mortgage rate is at 6.05%, up from last week's average jumbo rate of 5.85%.
Home Equity Loans Rates
The average home equity loan rate was down this week over last. 10 year home equity loan rates decreased to 7.357% this week, down from last week's average equity home loan rate of 7.416%. 15 year home equity rates are down to 7.5172%, down from the prior week's average home equity rate of 7.517%.
Home Equity Line of Credit (HELOC) Rates
Average home equity line of credit rates were down this week over last. The average HELOC rate is at 4.669% this week, down from last week's average HELOC rate of 4.905%.
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MonitorBankRates.com has just released a free jumbo mortgage rates widget that lists national average mortgage rates.
The jumbo mortgage rate widget is a great tool for real estate agent websites, financial websites or any other website that would like to keep their readers up to date with current mortgage rates.
In addition to the new jumbo mortgage rate widget, MonitorBankRates.com also offers a free conforming mortgage widget that lists mortgage rates nationally and state mortgage widgets that list average mortgage rates by state. Mortgage rates on all widgets are updated daily.
Get Your Free Jumbo Mortgage Rates Widget Here
Home loan rates were down in the latest mortgage survey released this morning. Conforming fixed home loan rates and conforming adjustable home loan rates were down.
30 year mortgage rates decreased to 4.98 percent with 0.6 points, down from the prior week's average mortgage rate of 4.99 percent. This is the second week in a row 30 year mortgage rates are back under 5.00 percent.
Looking for current home loan rates? Use our mortgage rate tables to find current home loan rates in your state or zip code. Home Loan Rates.
15 year mortgage interest rates are averaging 4.39 percent with 0.6 points for the week ending January 28, 2010, down from the previous week's average home loan rate of 4.40 percent.
5 year U.S. Treasury indexed adjustable rate mortgages averaged 4.25 percent this week with an average 0.6 mortgage discount points, down from the prior week's home loan rate of 4.27 percent. 1 year U.S. Treasury indexed ARMs averaged 4.29 percent with 0.5 mortgage points, down from last week's average home loan mortgage rate of 4.32 percent.
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MonitorBankRates.com has just released a free jumbo mortgage rates widget that lists national average mortgage rates.
The jumbo mortgage rate widget is a great tool for real estate agent websites, financial websites or any other website that would like to keep their readers up to date with current mortgage rates.
In addition to the new jumbo mortgage rate widget, MonitorBankRates.com also offers a free conforming mortgage widget that lists mortgage rates nationally and state mortgage widgets that list average mortgage rates by state. Mortgage rates on all widgets are updated daily.
Get Your Free Jumbo Mortgage Rates Widget Here
Mortgage rates started heading up last month but have since reverse course and are headed back down again. The up tick in mortgage rates last month was related to the run-up 10-year Treasury yields, which increased from 3.20 percent in late November to 3.80 percent in late December.
In addition to Treasury yields going higher, the FOMC met last month and in their Statement release said they are slowing the pace of mortgage-backed securities and anticipate completing their purchases at the end of the first quarter of 2010.
Looking for today's mortgage interest rates? Use our mortgage rate tables to find current mortgage rates in your state or zip code. Today's Mortgage Interest Rates.
The Fed has been supporting the mortgage market since the financial crisis to drive down mortgage rates. They were successful in driving fixed 30 year mortgage rates down under 5.00 percent but now their support of the mortgage market is ending most analysts believe 30 year mortgage rates will head up towards 6.00 percent or even higher once the purchases stop.
The downturn in mortgage rates the past three weeks can be attributed to the belief that the economy won't recover as strongly as anticipated. As a result, unemployment will remain high and will take longer to decline making inflation less of a concern at this point. Lower inflation will mean a more gradual increase in interest rates and mortgage rates.
Current Mortgage Rates
Fixed conforming 30 year mortgage rates at 5.04 percent this week, down from the prior week's average home loan rate of 5.06 percent.
Conforming 15 year mortgage rates are at 4.40 percent this week, down from last week's average home loan interest rate of 4.44 percent.
Jumbo Mortgage Rates
30-year jumbo mortgage rates are averaging 5.86% this week, up from the prior week's average home loans rate of 5.72%.
15 year jumbo mortgage loans are averaging 5.24% this week, up from the prior week's average home mortgage loan rate of 5.16%.
Adjustable Mortgage Rates
Conforming 1 year adjustable mortgage home loan rates are averaging at 4.32% this week, down from the prior week when one year home loans were averaging 4.50%.
Conforming 3 year adjustable mortgage interest rates are averaging 4.52%, down from last week's average loan rate of 4.53%.
Conforming 5 year adjustable mortgage rates are averaging 4.20% this week, up from the previous week's average mortgage interest rate of 4.12%.
Conforming 7 year adjustable home loan rates are averaging 4.61%, up from last week's average home loan rate of 4.56%.
Conforming 10-year mortgage rates are at 5.11%, a decrease from the previous week's average interest mortgage rate of 5.18%.
Jumbo Adjustable Mortgage Rates
Jumbo 1 year jumbo adjustable mortgage rates are averaging 5.31% this week, down from the prior week's average home mortgage loan rate.5.48%
Jumbo 3-year jumbo ARMs are averaging 5.32% this week, up from last week's average adjustable interest loan rate of 5.27%.
The average 5 year jumbo ARM is at 4.99% this week, up from the prior week's average interest mortgage rate 0f 4.89%.
7 year jumbo ARMs are averaging 5.37% this week, down from last week's average loan mortgage rate of 5.43%.
The average 10 year jumbo is at 5.88%, down from the prior week's average 10 year mortgage loan rate of 5.95%.
Conforming Interest Only Mortgage Rates
3 year interest only mortgage rates are averaging 4.65% this week, unchanged from last week's average interest rate.
5 year interest only loans are averaging 4.31% this week, up from last week's average five year interest only mortgage rate of 4.21%.
7 year IO home loan rates are averaging 4.81% this week, up from last week's average interest rate of 4.76%.
Jumbo Interest Only Mortgage Rates
3 year jumbo interest only mortgages are averaging 5.52% this week, up from last week's jumbo interest mortgage rate of 5.42%.
5 year jumbo IO loan rates are averaging 5.39%, up from the prior week's average IO mortgage rate of 5.24%.
The average jumbo 7 year IO loan mortgage rate is at 5.76%, up from last week's average jumbo rate of 5.73%.
Home Equity Loans
The average home equity loan rate was up considerably this week over last. 10 year home equity loan rates decreased to 7.418% this week, down from last week's average equity home loan rate of 7.424%. 15 year home equity rates decreased to 7.517%, down slightly from the prior week's average equity loan rate of 7.520%.
Home Equity Line of Credit (HELOC)
Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.906% this week, up slightly from last week's average HELOC rate of 4.904%.
Looking for current mortgage rates? The best mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Today's Mortgage Rates
Mortgage rates decreased in the latest Mortgage Market Survey released by the Mortgage Bankers Association (MBA). Lower mortgage rates increased mortgage applications for home purchases and mortgage refinancing.
The average contract mortgage rate for 30 year mortgages is back at 5.00 percent for the week ending January 15, 2010, down from the prior week's average mortgage rate of 5.13 percent. Mortgage discount points decreased from 1.17 points to 1.05 points.
The average contract mortgage rate for 15 year mortgages decreased to 4.33 percent for the week ending January 15, 2010, down from the previous week's average mortgage rate of 4.45 percent. Mortgage points increased to 1.19 points from 1.04 points.
The average contract mortgage interest rate for one year adjustable mortgages decreased to 6.72 percent, down from last week's average adjustable mortgage rate of 6.83 percent. Mortgage discount points remained unchanged at 0.31 points.
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MonitorBankRates.com has just released a free jumbo mortgage rates widget that lists national average mortgage rates.
The jumbo mortgage rate widget is a great tool for real estate agent websites, financial websites or any other website that would like to keep their readers up to date with current mortgage rates.
In addition to the new jumbo mortgage rate widget, MonitorBankRates.com also offers a free conforming mortgage widget that lists mortgage rates nationally and state mortgage widgets that list average mortgage rates by state.
Mortgage rates on all widgets are updated daily.
Get Your Free Jumbo Mortgage Rates Widget Here
Find low mortgage rates direct from mortgage companies and banks. Free mortgage rates widgets. State Average Mortgage Rates and National Average Mortgage Rates
MonitorBankRates.com has just released new mortgage rates widgets that list average mortgage rates by state.
The new mortgage widgets are free and great for real estate agent websites and mortgage brokers websites. Keep your clients up to date with the most recent mortgage rates that are updated daily.
Mortgage rates are constantly changing from day to day but now your home buyers will be kept up to date with their state's current mortgage rates.
To add a free mortgage rates widget to your website (Activerain doesn't allow calculator widgets or mortgage rate widgets on Activerain blogs) just select the state that you want current average mortgage rates for and copy/paste the mortgage widget code to your site: Get Mortgage Rate Widget Code Here
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