Mortgage Refinance Rates: 30 Year Refinance Rates at 4.95%

Mortgage refinance rates are lower again this week in our latest refinance mortgage rates survey. 30 year mortgage refinance rates are averaging 4.95 percent this week, down from the previous week's average 30 year refinance mortgage rate of 5.03 percent.

Refinance rates have been slowly going lower since mid April. Lower mortgage refinance rates drove demand for refinancing higher in the latest Refinance Index survey released by the Mortgage Bankers Association. The Refinance Index, which is a measure of mortgage applications for refinancing jumped 14.8 percent.




Looking for current mortgage refinance rates? Search our mortgage rate tables at MortgageRates.MonitorBankRates.com to find the lowest refinance rates available in your state.

10 year U.S. Treasury yields were also lower last week as investors fled the Euro and bought Treasuries. The European Union and the IMF finally put together a rescue package for Greece. 

15 year refinance mortgage rates were also lower this week over last. The current average 15 year mortgage refinance rate is averaging 4.35 percent, down from last week’s average 15 year mortgage rate of 4.42 percent.

Jumbo Mortgage Refinance Rates


30 year jumbo refinance mortgage rates are averaging  5.52 percent this week, down from the prior week’s average jumbo refi rate of 5.54 percent. 

Current 15 year jumbo mortgage interest refinance rates are under 5.00 percent at 4.95 percent, down from the prior week’s average jumbo refinance loan mortgage rate of 5.03 percent.

Adjustable Mortgage Refinance Rates


Current average 1 year conforming adjustable mortgage refinance rates are at 3.85 percent, unchanged from the last week’s average 1 year adjustable refinance mortgage interest rate.

Current 3 year conforming adjustable mortgage interest refinance rates are averaging 4.54 percent, an increase from last week’s average refinance home loan rate of 4.47 percent.

Today's 5 year conforming adjustable refinance mortgage rates are averaging 3.67 percent this week, down from last week’s average home loan refinance rate of 3.68 percent.

7 year conforming adjustable mortgage refinance rates are averaging 4.16 percent this week, down from an average 7 year loan refi rate of 4.31 percent. 

Current 10 year conforming refinance ARMs are averaging 4.52 percent, down from last week's average rate of 4.55 percent. 

Jumbo Adjustable Refinance Mortgage Rates


The current average 1 year jumbo refinance ARM is at 5.95 percent, unchanged from last week’s average 1 year jumbo refinance loan rate of 5.95 percent.

Current 3 year jumbo adjustable mortgage refinance loans are averaging 5.10 percent, a decrease from the prior week’s average jumbo reifnance loan mortgage rate of 5.14 percent. 

Today's 5 year jumbo adjustable refinance rates are averaging 4.46 percent, down from an average mortgage refi rate of 4.51 percent last week. 

7 year jumbo refi adjustable rates are averaging 5.26 percent, down from last week’s average loan mortgage refinance rate of 5.48 percent.

Current 10 year jumbo mortgage refinance interest rates are averaging 5.72 percent, down from last week’s average 10 year jumbo mortgage refinance interest rate of 5.76 percent.
 
 
Author: Brian McKay
May 13th, 2010
Posted in: Bank Mortgage Rates