Mortgage Rates 4-12: 30 Year Conforming Rates at 4.97%, 30 Year Jumbo Rates at 5.55%

Conforming mortgage rates and jumbo mortgage rates are higher today, continuing the uptrend. 30 year conforming mortgage rates and refinance rates are averaging 4.97 percent, up from yesterday's average 30 year rate of 4.95 percent. Interest rates have been slowly heading higher the past several weeks.  Today's 30 year rates in Maryland are slightly lower, averaging 4.90 percent.

15 year conforming mortgages rates and refinance rates are averaging 4.21 percent, up from yesterday's average 15 year rate of 4.20 percent. 15 year interest rates in New York are slightly higher than the national average 15 year rate. Current 15 year rates in New York are averaging 4.24 percent.



30 year jumbo rates and jumbo refinance rates are averaging 5.55 percent, up from yesterday's average jumbo loan rate of 5.53 percent. 30 year jumbo interest rates in Florida are higher than the national average rate. 30 year jumbo rates in Florida are averaging 5.68 percent.

15 year jumbo interest rates today and jumbo refinance rates are averaging 4.77 percent, up from yesterday's average jumbo rate of 4.71 percent. 15 year rates on jumbo mortgage in Oregon are higher than the national average. Current 15 year  jumbo home loan rates in Oregon are averaging 4.97 percent.

Conforming Adjustable Mortgage Rates Today

The current average rate on 1 year adjustable loans is averaging 2.94 percent, up from last week’s average 1 year adjustable rate of 2.92 percent.

3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.20 percent, down from last week’s average 3 year rate of 3.59 percent.

Current rates on 5 year ARMs are averaging 3.46 percent, down from the prior week’s average rate of 3.48 percent.

Refinance mortgage rates and mortgage rates on 7 year adjustable home loans are averaging 3.85 percent, up from the previous week’s average of 3.84 percent.

10 year adjustable loan rates are averaging 4.35 percent this week, up from last week’s average 10 year adjustable rate of 4.28 percent. Average refinance rates on 10 year home loans are also averaging 4.35 percent.

Adjustable Jumbo Interest Rates Current

Today’s 1 year jumbo adjustable loan rates are averaging 3.25 percent, unchanged from the prior week’s average 1 year jumbo adjustable rate. Jumbo refinancing rates are also averaging 3.25 percent.

3 year adjustable jumbo rates are averaging 3.91 percent, up from last week’s average 3 year jumbo rate of 3.89 percent. Current refinance rates on 3 year jumbo loans are also higher, averaging 3.91 percent.

5 year adjustable jumbo interest rates today are averaging 3.92 percent, up from last week’s average jumbo adjustable rate of 3.73 percent. Today’s refinancing interest rates are also averaging 3.92 percent.

7 year jumbo adjustable loan rates are averaging 4.55 percent, down from last week’s average 7 year adjustable rate of 4.57 percent. 7 year jumbo refinance rates are also lower at 4.55 percent.

10 year jumbo loan rates are averaging 5.03 percent, unchanged from the prior week’s average 10 year jumbo rate. 10 year jumbo refinance interest rates are also higher, averaging 5.03 percent.

Conforming Interest Only Adjustable Mortgage Rates Today

3 year interest only adjustable rates are averaging 3.54 percent, down from last week’s average loan rate of 3.71 percent. 3 year interest only adjustable refi rates are also averaging 3.54 percent.

5 year interest only ARMs are averaging 3.66 percent, down from last week’s average 5 year rate of 3.68 percent. 5 year IO adjustable refinance mortgage loan rates are also averaging 3.66 percent.

7 year interest-only adjustable mortgage loan rates are averaging 4.15 percent, up from last week’s average 7 year interest only mortgage rate of 4.05 percent. 7 year adjustable refi rates are averaging 4.15 percent.

Today's Interest Only Jumbo Adjustable Refinance Rates

3 year jumbo interest only loan rates are averaging 4.46 percent, down from last week’s average jumbo adjustable interest only rate of 4.49 percent. 3 year interest only adjustable jumbo refi rates are also averaging 4.46 percent.

5 year adjustable jumbo interest only rates are averaging 4.33 percent, up from last week’s average IO home mortgage interest rate of 4.30 percent. 5 year jumbo adjustable IO loan rates are also averaging 4.33 percent.

7 year jumbo interest only adjustable rates are averaging 4.88 percent, up from last week’s average jumbo rate of 4.84 percent. 7 year jumbo adjustable IO refi rates are also averaging 4.88 percent.

Current Home Equity Loan Rates

10 year home equity loan rates are averaging 6.65 percent, no change from last week’s average home equity loan rate.

15 year home equity rates are averaging 7.05 percent, up from the prior week’s average home equity loan rate of 7.04  percent.

Home Equity Line of Credit Rates Today

Home equity line of credit rates are averaging 5.13 percent, no change from last week’s average HELOC rate.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Mortgage Rates December 10, 2023