Current Mortgage Refinance Rates April 15, 2010

Current mortgage refinance rates have stabilized the past week after the big increase in refinance rates at the beginning of April. Mortgage refinance rates shot up around 30 basis points when the Fed wrapped up their purchasing of mortgage-backed securities at the end of March. The average 30 year refinance mortgage rate is currently at 5.15 percent, down slightly from last week’s average refinance mortgage rate of 5.19 percent.

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15 year refinance mortgage rates are also slightly lower this week over last.  Current 15 year mortgage refinance mortgage rates are averaging 4.51 percent, down from last week’s average mortgage refinance rate of 4.56 percent.

Current 30 year jumbo refinance rates are lower this week over last. Current jumbo refinance rates are averaging 5.56 percent, down from last week’s average jumbo mortgage refinance rate of 5.65 percent. Jumbo refinance rates have declined 20 basis points in the past two weeks. Current 15 year jumbo home loan mortgage refinance rates are averaging 5.08 percent, down from last week’s average jumbo refi rate of 5.12 percent.

Mortgage Refinance Rates

Conforming Adjustable Mortgage Refinance Rates

1 year adjustable mortgage refinance loan rates are averaging 4.67% this week, unchanged from last week’s average 1 year refinance loan rate of 4.67%.

3 year adjustable refi rates are averaging 4.51% this week, down from last week’s average home refinance rate of 4.66%.

5 year adjustable refinance interest rates are averaging 4.11% this week, up from last week’s average mortgage refinance interest rate of 3.91%.

The average 7 year conforming mortgage refinance rate is at 4.48%, unchanged from last week’s average mortgage refinance rate of 4.48%.

The average 10 year refinance mortgage rates is at 4.80% this week, down from last week’s refinance rate of 4.84%.

Jumbo Mortgage Refinance Rates

The average 1 year jumbo adjustable refinance rate is at 5.59%, unchanged from last week’s average rate.

3 year jumbo adjustable refi rates are averaging 5.32%, up from last week’s average adjustable refinance loan interest rate of 5.23%.

The average 5 year jumbo refinance interest rate is at 4.56% this week, down  from last week’s average bank refinance rate of 4.58%.

7 year jumbo refinance home loan rates are averaging 5.57% this week, an increase from last week’s average refinance home loan rate of 5.51%.

10 year home refi rates are averaging 6.10% this week, up from the prior week’s average 10 year home refinance rate of 5.94%.
Author: Brian McKay
April 15th, 2010
Posted in: Bank Mortgage Rates