Today’s Mortgage Rates and Mortgage Refinance Rates Jan 7, 2011

Mortgage rates and refinance rates are mostly higher this morning except average rates on fixed 30 year mortgages. The current national average 30 year rate mortgage is 4.80 percent, up from yesterday when 30 year rate mortgages averaged 4.78 percent. 30 year mortgage rates and refinance rates in Kansas are slightly higher than the national average 30 year rate mortgage. Today's 30 year rates in Kansas are averaging 4.83 percent. 

15 year mortgage refinance rates and mortgage rates are averaging 4.24 percent, up from yesterday when 15 year rate mortgages averaged 4.20 percent. 15 year mortgage rates today and refinance rates today in Wisconsin are also averaging 4.24 percent.

30 year jumbo mortgage rates and 30 year jumbo refinance rates are averaging 5.48 percent, up from yesterday's average 30 year jumbo rate of 5.41 percent. 30 year jumbo rates in Hawaii are lower than the national average rate. Today's refinance rates and mortgage rates in HI are averaging 5.42 percent.

15 year jumbo mortgage rates and jumbo refinance mortgage rates are averaging at 4.76 percent, down from yesterday's average jumbo mortgage loan of 4.80 percent. 15 year jumbo mortgage interest rates and mortgage refinancing rates in New York are higher than the national average 15 year jumbo rat. NY 15 year jumbo mortgage rates and refinance rates are averaging 4.79 percent.

Following is a more in-depth home home mortgage interest rates report released by MonitorBankRates.com earlier this week:

Mortgage Rates and Mortgage Refinance Rates

30 year conforming refinance interest rates and mortgage rates currently are averaging 4.88 percent, up from last week’s average 30 year home loan rate and refi rate of 4.77 percent. 15 year conforming refinance rates and mortgage interest rates are averaging 4.12 percent, down from the prior week’s average 15 year mortgage loan rate and refinance loan rate of 4.17 percent. 

30 year jumbo mortgage interest rates and 30 year jumbo refi rates are averaging 5.33 percent, a decline from last week’s  average jumbo rate and jumbo refi rate of 5.35 percent.

Current 15 year jumbo home rates and jumbo refinance interest rates are averaging at 4.76 percent, down from the prior week’s average jumbo mortgage loan rate of 4.58 percent.

Conforming Adjustable Loan Rates and Conforming Adjustable Refinance Loan Rates

1 year adjustable rates - Current refinancing rates and mortgage interest rates are averaging 3.05 percent, down from last week’s average 1 year adjustable home mortgage refi interest rate and loan rate of 3.11 percent.

3 year adjustable  rates and adjustable refinancing rates are averaging 3.47 percent, up from last week’s average 3 year adjustable mortgage loan rate of 3.30 percent.

5 year adjustable mortgage loan rates today are averaging 3.50 percent, down from the prior week’s average rate of 3.64 percent. Current refi rates are also down to 3.50 percent.

7 year adjustable mortgage loan interest rates are averaging 4.01 percent, up from the previous week’s average 7 year loan rate of 3.84 percent. Current refinance loan rates are also higher, averaging 4.01 percent.

10 year adjustable mortgage loan rates today are averaging 4.47 percent this week, up from last week’s average 10 year adjustable rate of 4.39 percent. Refinance interest rates for 10 year home loans are also averaging 4.47 percent.

Adjustable Jumbo Refinance Interest Rates and Jumbo Mortgage Interest Rates

1 year jumbo adjustable loan rates are averaging 3.39 percent, unchanged from the prior week’s average 1 year jumbo adjustable loan mortgage interest rate. Today’s jumbo adjustable refinance interest rates are also  unchanged at 3.39 percent.

3 year adjustable jumbo rates are higher averaging 4.26 percent, down from last week’s average 3 year jumbo adjustable rate of 4.31 percent. Today’s refi rates on 3 year jumbo adjustable mortgage loans are also lower averaging 4.26 percent.

5 year adjustable jumbo interest rates today are averaging 3.93 percent, down from last week’s average jumbo adjustable rate of 3.85 percent. Current refinance loan rates on 5 year jumbo home loans are also averaging 3.93 percent.

7 year jumbo adjustable loan rates today are averaging 4.56 percent, down from last week’s average 7 year adjustable home loan rate of 4.62 percent. 7 year jumbo refinance loan rates are also lower at 4.56  percent.

Today’s 10 year jumbo loan rates are averaging 5.24 percent, up from the prior week’s average 10 year jumbo home loan rate of 5.23 percent. 10 year jumbo refinance interest rates are also higher averaging 5.24 percent.

Conforming Interest Only Adjustable Refi Rates and Interest Only Adjustable Mortgage Loan Rates

3 year interest only adjustable mortgage loan rates are averaging 3.47 percent, down from last week’s average interest only mortgage loan rate of 3.53 percent. 3 year interest only adjustable refinance loan rates are also lower averaging 3.47 percent.

5 year interest only adjustable loan rates are averaging 3.68 percent, up from last week’s average five year interest only mortgage loan rate of 3.59 percent. Today 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.68 percent.

7 year interest only adjustable mortgage loan rates are averaging 4.18 percent, up from last week’s average 7 year interest-only mortgage interest rate of 4.03 percent. 7 year adjustable refi loan rates are averaging 4.18 percent.

Interest Only Adjustable Jumbo Refi Rates and Jumbo Interest Only Mortgage Loan Rates

3 year jumbo interest only adjustable loan rates are averaging 5.01 percent, up from last week’s average jumbo adjustable interest only rate of 4.83 percent. 3 year interest only adjustable jumbo refi rates are also higher averaging 5.01 percent.

5 year adjustable jumbo loan interest only rates are averaging 4.40  percent, up from last week’s average IO home mortgage interest rate of 4.38 percent. 5 year jumbo adjustable IO loan rates are also averaging higher at 4.40 percent.

7 year jumbo interest only adjustable rates are averaging 4.83 percent, up from an average jumbo 7 year home loan rate of 4.82 percent. Current 7 year jumbo adjustable interest-only rates are also averaging 4.83 percent.

Home Equity Loan Rates

10 year home equity loan rates are averaging 6.714 percent, up from last week’s average home equity rate of 6.705 percent.

15 year home equity rates are averaging 7.093 percent, unchanged from last week’s average home equity rate.

Home Equity Line of Credit Rates

Home equity line of credit rates are averaging 5.15 percent, unchanged from last week’s average HELOC rate.

 
Author: Jason P. Jones
January 7th, 2011

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