Mortgage Rates: Today’s Mortgage Rates Decrease, 30 Year Mortgage Rates at 4.18%

Mortgage rates declined today, both long term fixed conforming mortgage rates and jumbo mortgage rates are lower. Mortgage rates today on 30 year fixed mortgages are averaging 4.18%, a decrease from yesterday’s average 30 year mortgage rate of 4.21%. Earlier this week average 30 year mortgage rates hit an all-time low on MonitorBankRates.com. 15 year mortgage rates are also lower averaging 3.39%, down from yesterday's average 15 year mortgage rate of 3.41%. We expect rates to make news lows tomorrow since 10 year Treasury yields plummeted to 1.92% on Friday. Average 30 year rates might break 4.00% if Treasury yields continue to head lower this week.

Search for today's mortgage rates from several lenders in your state. No personal information is need to view our rate table here: Today's Mortgage Rates.




Fixed jumbo mortgage rates are also lower today. The current average 30 year jumbo mortgage rate is at 4.51%, down from yesterday's average 15 year jumbo mortgage rate of 4.57%. 15 year jumbo mortgage rates are averaging 3.79%, down from yesterday’s average 15 year jumbo mortgage rate of 3.86%.

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

Conforming Adjustable Mortgage Rates


1 year adjustable mortgage rates today are averaging 3.63%, down from last week’s average 1 year adjustable jumbo mortgage rate of 3.68%.

Current 3 year adjustable mortgage rates today are averaging 3.11%, down from last week’s average 3 year adjustable mortgage rate of 3.14%.

5 year adjustable mortgage rates are averaging 3.03%, down from the prior week’s average 5 year adjustable rate of 3.05%.

Today’s 7 year adjustable mortgage rates are averaging 3.16%, down from the previous week’s average 7 year adjustable mortgage rate of 3.19%.

10 year adjustable mortgage rates currently are averaging 3.58%, down from last week’s average 10 year adjustable rate of 3.67%.

Current Adjustable Jumbo Mortgage Rates


Current 1 year jumbo adjustable mortgage rates are averaging 3.46%, down from last week’s average adjustable jumbo mortgage rate of 3.51%.

3 year adjustable jumbo rates today are averaging lower at 3.36%, down from last week’s average 3 year jumbo adjustable rate of 3.46%.

5 year adjustable jumbo mortgage rates current are averaging 3.17%, down from last week’s average jumbo adjustable rate of 3.25%.

7 year jumbo adjustable mortgage loan rates are averaging 3.49%, down from last week’s average 7 year adjustable home loan rate of 3.58%.

10 year jumbo loan rates are averaging 4.03%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 4.10%.

Conforming Interest Only Adjustable Mortgage Rates Todays


3 year interest only adjustable mortgage loan rates are averaging 3.21%, down from last week’s average interest only mortgage loan rate of 3.39%.

5 year IO adjustable loan mortgage rates are averaging 3.09%, down from last week’s average five year interest only mortgage rate of 3.14%.

7 year interest only adjustable mortgage loan rates are averaging 3.20%, down from last week’s average 7 year interest-only mortgage interest rate of 3.32%.

Interest Only Jumbo Mortgage Rates Today


Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.64%, down from last week’s average jumbo adjustable interest only rate of 3.72%.

Current 5 year adjustable jumbo interest only rates are averaging 3.30%, down from last week’s average IO home mortgage interest rate of 3.51%.

Today’s 7 year jumbo interest only adjustable rates are averaging 3.71%, down from last week’s average jumbo 7 year home mortgage loan rate of 3.78%.

Home Equity Loan Rates Current


10 year home equity loan rates are averaging 6.72%, up from last week’s average home equity loan rate of 6.88%.

15 year home equity rates are averaging 6.67%, up from last week’s average home equity loan rate of 6.66%.

Home Equity Line of Credit Rates Today


Home equity line of credit rates are averaging 5.03%, down from last week’s average rate HELOC rate of 5.04%.
 
 
Author: Brian McKay
September 11th, 2011
Posted in: Bank Mortgage Rates