Mortgage Rates: 8-20 Current Mortgage Rates Lower, 30 Year Mortgage rates at 4.24%

Mortgage rates are lower once again today, following bond yields lower as the equity markets tumble. Today's mortgage rates on 30 year conforming mortgages are averaging 4.24%, a decrease from yesterday’s average 30 year rate of 4.26%. 15 year mortgage rates today are also lower averaging 3.44%, a decline from yesterday’s average 15 year rate of 3.46%.

Search and compare current mortgage rates by searching our mortgage rate tables here: Current Mortgage Rates. Unlike most websites, no personal information is needed to view a list of mortgage rates.




Jumbo mortgage rates today on 30 year  mortgage are averaging 4.60%, down from yesterday’s average 30 year jumbo rate of 4.63%. Today's mortgage rates on  15 year jumbo mortgages are averaging 3.88%, down from yesterday’s average 15 year jumbo mortgage rate of 3.93%.

Following is a more in-depth mortgage rate report released by MonitorBankRates.com this past Monday:

Mortgage Rates


Mortgage rates declined this week, current 30 year conforming mortgage rates are averaging 4.24%, down from last week’s average 30 year mortgage rate of 4.28%. Conforming 15 year mortgage rates are also lower this week averaging 3.50%, down from last week’s average 15 year mortgage rate of 3.56%.

Today’s mortgage rates on 30 year jumbo mortgage loans are averaging 4.70%, a decline from last week’s average 30 year jumbo mortgage rate of 4.75%.  15 year jumbo mortgage rates are averaging 4.08%, down slightly from last week’s average 15 year jumbo rate of 4.09%.

Conventional Adjustable Mortgage Rates Today


1 year adjustable mortgage rates today are averaging 3.58%, up from last week’s average 1 year adjustable jumbo mortgage rate of 3.45%.

Current 3 year adjustable mortgage refinance rates and adjustable mortgage rates today are averaging 2.95%, down from last week’s average 3 year adjustable mortgage rate of 3.01%.

5 year adjustable mortgage mortgage are averaging 3.00%, down from the prior week’s average 5 year adjustable rate of 3.25%.

Today’s 7 year adjustable mortgage rates are averaging 3.23%, down from the previous week’s average 7 year adjustable mortgage rate of 3.28%.

10 year adjustable mortgage rates currently are averaging 3.76%, up from last week’s average 10 year adjustable rate of 3.70%.

Adjustable Jumbo Mortgage Rates Currently


Current 1 year jumbo adjustable mortgage rates are averaging 3.12%, unchanged from last week’s average adjustable jumbo mortgage rate.

3 year adjustable jumbo rates today are averaging higher at 3.33%, down from last week’s average 3 year jumbo adjustable rate of 3.38%.

5 year adjustable jumbo mortgage rates current are averaging 3.25%, up from last week’s average jumbo adjustable rate of 3.21%.

7 year jumbo adjustable mortgage loan rates are averaging 3.64%, unchanged from last week’s average 7 year adjustable home loan rate.

10 year jumbo loan rates are averaging 4.15%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 4.17%. 

Current Conforming Interest Only Adjustable Mortgage Rates


3 year interest only adjustable mortgage loan rates are averaging 3.14%, up from last week’s average interest only mortgage loan rate of 3.19%.

5 year IO adjustable loan mortgage rates are averaging 3.13%, up last week’s average five year interest only mortgage rate of 3.10%.

7 year interest only adjustable mortgage loan rates are averaging 3.39%, down from last week’s average 7 year interest-only mortgage interest rate of 3.40%. 

Today's Interest Only Jumbo Mortgage Rates


Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.43%, a decrease from last week’s average jumbo adjustable interest only rate of 3.90%.

5 year adjustable jumbo interest only rates are averaging 3.55%, up from last week’s average IO home mortgage interest rate of 3.52%.

7 year jumbo interest only adjustable rates are averaging 3.83%, down from last week’s average jumbo 7 year home mortgage loan rate of 3.84%.

Home Equity Loan Rates Today


10 year home equity loan rates are averaging 6.62%, down from last week’s average home equity loan rate of 6.77%.

15 year home equity rates are averaging 6.66%, down from last week’s average home equity loan rate of 6.86%.

HELOC Rates Current


Home equity line of credit rates are averaging 4.97%, unchanged from last week’s average rate HELOC rate.
 
 
Author: Brian McKay
August 20th, 2011
Posted in: Bank Mortgage Rates