Mortgage Rates 5-19: 30 Year Mortgage Rates Averaging 4.64%, Existing Home Sales Dip
Today's mortgage rates are mixed. The current average 30 year conforming mortgage rate is at 4.63%, a slight increase from yesterday's average 30 year loan rate of 4.62%. Separately the National Association of Realtors (NAR) reported existing home sales unexpectedly dipped 0.8% in April to a seasonally adjusted annual rate of 5.05 million in April.
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Thinking about selling your home? Even if you find a buyer for your home and negotiate a price you might not end up selling it. The NAR also reported 11 percent of Realtors® report a contract that was cancelled in April from an appraisal coming in below the negotiated price. .
Today's 30 year jumbo mortgage rates are averaging 5.11%, up slightly from yesterday's average jumbo rate of 5.11%.
Current 15 year mortgage rates are averaging 3.83%, down from yesterday's average 15 year rate of 3.87%.
15 year jumbo mortgage rates today are averaging 4.43%, down from yesterday's average 15 year jumbo mortgage rate of 4.45%.
Current Mortgage Rates: Average Rates May 19, 2011
Fixed Mortgage Rates
30 Year Fixed Conforming Rate 4.63%
30 Year Fixed Jumbo Rate 5.11%
15 Year Fixed Conforming Rate 3.83%
15 Year fixed Jumbo Rate 4.43%
Adjustable Mortgage Rates
1 Year ARM Conforming Rate 6.16%
1 Year ARM Jumbo Rate 4.05%
3/1 Year ARM Conforming Rate 3.112%
3/1 Year ARM Jumbo Rate 3.89%
5/1 Year ARM Conforming Rate 3.11%
5/1 Year ARM Jumbo Rate 3.48%
7/1 Year ARM Conforming Rate 3.51%
7/1 Year ARM Jumbo Rate 4.07%
10/1 Year ARM Conforming Rate 3.97%
10/1 Year ARM Jumbo Rate 4.47%
Adjustable Interest-Only Mortgage Rates
Interest Only: 3/1 Year ARM Conforming Rate 3.19%
Interest Only: 3/1 Year ARM Jumbo Rate 4.05%
Interest Only: 5/1 Year ARM Conforming Rate 3.23%
Interest Only: 5/1 Year ARM Jumbo Rate 3.92%
Interest Only: 7/1 Year ARM Conforming Rate 3.63%
Interest Only: 7/1 Year ARM Jumbo Rate 4.30%
Home Equity - HELOC Rates
Home Equity Line of Credit Rate 4.95%
Home Equity Loan - 10 Years Rate 6.77%
Home Equity Loan - 15 Years Rate 6.86%
Average mortgage rates as reported by MonitorBankRates.com. We also free mortgage rates widgets, including average mortgage rates by state. Keep your clients up to date with today's average mortgage rates on your website. Rates are automatically updated daily.
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