Current mortgage rates were down in last week’s Primary Mortgage Market Survey released by Freddie Mac. Freddie’s most recent mortgage survey had average mortgage rates for the week ending January 7, 2010. The average 30 year mortgage rate was down to 5.09 percent, down from the prior week’s average mortgage rate of 5.14 percent. This was the first decrease in mortgage rates for the past several weeks.

15 year conforming fixed rate mortgages were also down, 15 year mortgage rates decreased to 4.50 percent, a decrease from the previous week’s average 15 year home loan rate of 4.54 percent.

Looking for the today’s mortgage? Use our mortgage rate tables to find mortgage rates in your state or zip code. Today’s Mortgage Rates.

The average five year U.S. Treasury-indexed adjustable mortgage rate was 4.44 percent for the week ending January 7, 2010, unchanged from the prior week’s average mortgage rate. The average one year adjustable mortgage rate was down to 4.31 percent, a decrease from last week’s average home loan mortgage rate of 4.33 percent.

For a more extensive report on current mortgage rates, MonitorBankRates.com released its weekly mortgage report on Monday, which follows:

Mortgage Rates

30-year conforming mortgage rates are up to 5.16 percent this week, up from last week’s average home mortgage rate of 5.13 percent.

15-year mortgage interest rates are at 4.58 percent this week, up from last week’s average home loan rate of  4.53 percent.

Jumbo Fixed Mortgage Rates

30-year jumbo mortgage rates are averaging 5.81% this week, down from the previous week’s loan home rate of 5.92%.

15 year jumbo mortgage loans are averaging 5.34% this week, unchanged from the prior week’s average mortgage home loan rate.

Adjustable Mortgage Rates – Conventional

1-year adjustable home mortgage loan rates are averaging at 4.61% this week, up from the prior week when one year home loans were averaging 4.52%.

3-year adjustable mortgage interest rates are averaging 4.58%, up from last week’s average loan rate of 4.56%.

5-year adjustable mortgage rates are averaging 4.36 percent this week, up from the previous week’s average mortgage rate of 4.28%.

7-year adjustable loan rates are averaging 4.85%, up from last week’s average loan rate of 4.77%.

The average 10-year mortgage is at 5.28%, up from the previous week’s average bank mortgage rate of 5.14%.

Adjustable Mortgage Rates – Jumbo ARMs

1-year jumbo adjustable mortgage rates are averaging 5.47% this week, up slightly from the prior week’s average mortgage finance interest rate of 5.47%.

Current 3-year jumbo ARMs are averaging 5.60% this week, down from last week’s adjustable rate of 5.62%.

Today’s 5-year jumbo ARM is averaging 5.04% this week, down from the prior week’s average rate on a five year jumbo mortgage 0f 5.19%.

7-year jumbo ARMs are averaging 5.67% this week, up from last week’s average mortgage rate of 5.60%.

The average 10-year jumbo is at 6.01 percent, down from the prior week’s average 10-year mortgage rate of 6.15 percent.

Interest Only Mortgage Rates (IO Loans) - Conventional

3-year interest only mortgage rates are averaging 4.72 percent this week, up from last week’s average interest rate of 4.69%.

5-year interest only loans are averaging 4.49 percent this week, up from last week when five year interest only mortgages averaged 4.40%.

7-year IO loan rates are averaging 5.07 percent this week, up from last week’s average interest rate of 5.00%.

Jumbo Interest Only Mortgage Interest Rates

3-year jumbo interest only mortgages are averaging 5.82% this week, unchanged from last week’s jumbo interest mortgage rate.

5-year jumbo IO loan rates are averaging 5.38%, down from the prior week’s average IO mortgage rate of 5.63%.

The average jumbo 7-year IO loan mortgage rate is at 6.10%, up from last week’s average jumbo rate of 5.96%.

Home Equity Loans

The average home equity loan rate was up considerably this week over last week. 10 year home equity loan rates decreased to 7.419% this week, up from last week’s average equity home loan rate of 7.331%. 15 year home equity rates decreased to 7.522%, down slightly from the prior week’s average equity loan rate of 7.410%.

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 4.904% this week, down from last week’s average HELOC rate of 4.912%.

Looking for the today’s mortgage rates? Current mortgage rates including jumbo rates can be found in your state or zip code by using our bank mortgage rate tables. Best Mortgage Rates