Home Mortgage Rates Increase 7/24: Current 30 Year Mortgage Interest Rates at 4.76%, 15 Year Rates at 4.20%

Mortgage rates have resumed their uptrend after decreasing yesterday. 30 year mortgage rates today are averaging 4.76 percent, up from Friday's average 30 year mortgage rate of 4.69 percent. Mortgage rates headed higher late in the week following 10 year U.S Treasury yields higher. 10 year bond yields are approaching 3.00 percent again, closing on Friday at 2.99 percent .

Freddie Mac's recent Primary Mortgage Market Survey released on Thursday showed 30 year mortgage rates and 15 year mortgage rates hitting all-time lows. Mortgage rates will be higher in next week's survey if bond yields continue to go higher.

Current 30 year jumbo mortgage rates have also headed higher this morning. 30 year jumbo mortgage rates are averaging 5.25 percent, an increase from an average 30 year mortgage interest rate of 5.20.

Today's 15 year conforming mortgage rates are also higher today. The current average 15 year mortgage rate is at 4.20 percent, up from an average 15 year mortgage rate of 4.13 percent. 15 year mortgage rates were on the verge of breaking 4.00 percent earlier this week but have gone higher later in the week.

15 year jumbo mortgage rates today are slighlty higher. Current 15 year jumbom mortgage rates are averaging 4.82 percent up from an average 15 year jumbo rate of 4.81 percent. 

Mortgage Rates 7/24

Mortgage Rates Conventional

  • 30 Year Fixed Conforming Mortgage Rates 4.76%

  • 15 Year Fixed Conforming Mortgage Rates 4.20%

Mortgage Rates Jumbo

  • 30 Year Jumbo Fixed Mortgage Rates 5.25%

  • 15 Year Jumbo Fixed Mortgage Rates 4.82%

Adjustable Mortgage Rates Conventional

  • 1 Year Adjustable Rates 3.54%

  • 3 Year Adjustable Rates 4.09%

  • 5 Year Adjustable Rates 3.57%

Jumbo Adjustable Mortgage Rates

  • 1 Year Adjustable Rates 5.95%

  • 3 Year Adjustable Rates 4.55%

  • 5 Year Adjustable Rates 4.07%

Following is a more in-depth weekly average mortgage rates survey report released by MonitorBankRates.com.

Mortgage Rates

30 year mortgage rates are averaging 4.72 percent this week, up from the previous week’s average 30 year mortgage rate of 4.67 percent. Current 30 year refinance mortgage rates are also averaging 4.67 percent this week.

15 year mortgage rates currently are averaging 4.21 percent this week, an increase from last week’s average 15 year mortgage interest rate of 4.18 percent. 15 year mortgage refinance rates currently are also are higher averaging 4.21 percent this week.

Jumbo Mortgage Rates

Current 30 year jumbo mortgage rates are averaging 5.33 percent this week, an increase from last week’s average 30 year jumbo mortgage interest rate of 5.25 percent.  The current average 30 year jumbo mortgage refinance rate is also at 5.33 percent.

15 year jumbo mortgage rates today are averaging 4.71 percent, down from last week’s average jumbo mortgage rate of 4.79 percent. Current 15 year jumbo refinance mortgage rates today are also lower, averaging 4.71 percent.

Adjustable Mortgage Rates

1 year conforming adjustable mortgage rates today are averaging 3.54 percent, down from last week’s average 1 year adjustable interest mortgage rate of 3.56 percent. 1 year conforming adjustable refinance mortgage interest rates today are also averaging 3.54.

Currently, 3 year adjustable conventional mortgage rates are at 4.09 percent this week, up from the previous week’s average 3 year adjustable rate mortgage of 4.01 percent. Current 3 year mortgage refinance rates today are also higher, averaging 4.09 percent.

5 year adjustable mortgage loan rates today are averaging 3.58 percent, down  from the prior week’s average home loan rate of 3.62 percent. Today’s 5 year refinance home mortgage rates are also down averaging 3.58 percent.

Current 7 year adjustable mortgage rates are averaging 3.86 percent this week, down slightly from last week’s average 7 year home mortgage rate of 3.87 percent. 7 year mortgage refinance rates today are also lower averaging 3.86 percent.

Today’s 10 year adjustable mortgage interest rates are averaging 4.21 percent this week, up from the previous week’s average 10 year adjustable mortgage rate of 4.14 percent.  Current 10 year home mortgage refinance rates are also higher averaging 4.21 percent.

Jumbo Adjustable Mortgage Rates

1 year jumbo adjustable mortgage loan rates today are averaging 5.95 percent, unchanged from the previous week’s average 1 year adjustable jumbo mortgage rate. 1 year jumbo refinance mortgage rates today are also averaging 5.95 percent.

Current 3 year jumbo adjustable mortgage interest rates are averaging 4.57 percent, down from last week’s average jumbo interest mortgage rate of 4.61 percent. Today’s 3 year jumbo refinance mortgage rates are also lower, averaging 4.57 percent.

5 year jumbo adjustable home mortgage rates today are averaging 4.07 percent this week, up from last week’s average mortgage rate of 4.06 percent. Current 5 year jumbo refinance rates today are also up slightly averaging 4.07 percent.

Today’s 7 year jumbo adjustable mortgage rates current are averaging 4.66 percent, down from last week’s average 7 year home mortgage rate of 4.68 percent. 7 year jumbo refinance mortgage rates today are also down to 4.66 percent.

10 year jumbo mortgage rates are averaging 5.28 percent, up from the previous week’s average 10 year jumbo home mortgage rates of 5.26 percent. Today’s 10 year jumbo home loan refinance rates are also higher averaging 5.28 percent.

Conventional Interest Only Adjustable Mortgage Rates

3 year interest only adjustable mortgage rates today are averaging 4.27 percent, up from last week’s average interest only mortgage loan rate of 4.42 percent. Current 3 year interest only adjustable refinance mortgage rates are also higher averaging 4.27 percent.

Current 5 year interest only adjustable mortgage rates today are averaging 3.75 percent, down rom last week’s average five year interest only mortgage loan rate of 3.67 percent. Today’s 5 year interest only adjustable refinance mortgage rates are also averaging 3.75 percent.

7 year interest only home adjustable mortgage rates currently are averaging 4.09 percent, up from last week’s average 7 year IO mortgage rate of 4.02 percent. Today’s 7 year adjustable refinance rate mortgages are also averaging 4.02 percent.

Interest Only Jumbo Adjustable Mortgage Rates

Current 3 year jumbo interest only loan adjstuable mortgage rates are averaging 5.16 percent, unchanged from last week’s average jumbo adjustable interest only mortgage rate of 5.26 percent. Today’s jumbo IO adjustable refinance rates are also averaging 5.16 percent.

Today’s 5 year adjustable jumbo interest only home loan rates are at 4.54 percent, up from an average IO home mortgage rate of 4.52 percent the previous week. 5 year jumbo adjustable IO loan rates are also averaging 4.54 percent.

7 year jumbo IO adjustable mortgage rates today are averaging 4.98 percent, up from an average jumbo 7 year home mortgage rate of 4.95 percent last week. 7 year jumbo adjustable interest-only mortgage rates are also at 4.98 percent.

Home Equity Loan Rates

Current 10 year home equity loan rates are averaging 7.115 percent, unchanged from last week’s average home equity loan rate.

Today’s 15 year home equity rates are averaging 7.433 percent this week, no change from last week’s average home equity loan rate.

Home Equity Line of Credit Rates

Current average home equity line of credit rates (HELOC) are at 4.777 percent this week, unchanged from last week’s average HELOC rate.
Author: Brian McKay
July 24th, 2010
Posted in: Bank Mortgage Rates