Average Mortgage Rates Hover Just Above Record Lows: 30 Year Conforming Mortgage Rates at 3.39 Percent

Average mortgage rates are hovering just above record lows in the most recent mortgage rate survey released this morning. In the Primary Mortgage Market Survey (PMMS) released by Freddie Mac conforming 30 year mortgage rates are averaging 3.39 percent with 0.7 mortgage points for the week ending November 1, 2012. The prior week's survey had 30 year mortgage interest rates averaging 3.41 percent.

Mortgage rates today on 30 year conforming loans are averaging 3.45 percent in Bankrate's national average mortgage rate survey. There are many lenders offering 30 year mortgage refinance rates below the average rates. Currently on our 30 year conforming refinance rates table in the state of California we have lenders offering rates as low as 2.875 percent with points. We also have lenders offering 30 year refinance mortgage rates as low as 3.00 percent with points in North Carolina. You can compare rates in your state by using our rate tables, best of all you don't have to provide any personal information to see a list of rates.

15 year conventional mortgage rates averaged 2.70 percent with 0.7 mortgage points for the week ending November 1, 2012. The average 15 year conventional mortgage rate is down from last week's average of 2.72 percent. Current mortgage rates on 15 year conforming loans are averaging 2.84 percent.

Right now there are many home loan lenders offering 15 year mortgage interest rates below the average rates. Right now on our 15 year conforming refinance rates list for the state of Florida we have one lender, First Internet Bank, offering 15 year refinancing rates at 2.25 percent with 2 mortgage points. Without points we have EPIC Funding offering 15 year refi rates at 2.50 percent.

Five year adjustable mortgage rates averaged 2.74 percent with 0.6 mortgage points for the week that ended on November 1, 2012. The average 5 year adjustable mortgage rate is down from last week's average of 2.75 percent. Today's mortgage rates on 5 year adjustable conforming loans are averaging 2.95 percent.

On our 5 year adjustable refinance rates list for California we have several home loan lenders offering rates as much as 100 basis points below the average 5 year rate. Aimloan.com is offering 5 year adjustable refi rates at an incredibly low level of 1.75 percent with 2 mortgage points. Aimloan.com also has the lowest rate on 5 year adjustable loans without points at 2.50 percent.