Mortgage Rates: 6/21 Today’s Mortgage Rates Lower, Existing Home Sales Hit Low for 2011

Mortgage rates are mostly lower today as a report showed existing home sales are at the lowest level in 2011. The National Association of Realtors said existing home sales sales sank 3.8 percent last month to a seasonally adjusted annual rate of 4.81 million homes. There are few home buyers these days even though mortgage rates are near record lows.

Conforming 30 year mortgage rates are averaging 4.47%, up slightly from yesterday's average 30 year mortgage rate of 4.46%. 




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Conforming 15 year mortgage rates today are averaging 3.72%, a slight increase from yesterday's average 15 year mortgage rate of 3.71%.

Today's 30 year jumbo mortgage rates are averaging 4.91%, down from yesterday's average 30 year jumbo mortgage rate of 5.00%. This is the lowest average rate for 30 year jumbo rates in 2011.

Current 15 year jumbo mortgage rates are averaging 4.33%, down from yesterday's average 15 year jumbo mortgage rate of 4.39%.

Mortgage Rates


 

Conforming Adjustable Mortgage Rates Today and Conforming Adjustable Refinance Rates


The current refinancing rate and mortgage rate on 1 year adjustable rates are averaging 2.95%, no change from last week’s average 1 year adjustable home mortgage refi rate and loan rate.

Today's 3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.09%, down from last week’s average 3 year adjustable mortgage rate of 3.29%.

Refinance rates and mortgage rates today on 5 year adjustable mortgages are averaging 3.40%, up from the prior week’s average rate of 3.03%.

Refinance mortgage rates and mortgage rates currently on 7 year adjustable home loans are averaging 3.37%, up from the previous week’s average 7 year loan rate of 3.31%.

10 year adjustable mortgage loan rates are averaging 3.90% this week, up from last week’s average 10 year adjustable rate of 3.83%. Current mortgage refinance rates on 10 year home loans are also averaging 3.90%.

Adjustable Jumbo Refinance Rates and Jumbo Mortgage Rates Current


1 year jumbo adjustable loan rates are averaging 4.05%, unchanged from the prior week’s average 1 year jumbo adjustable loan interest rate. Refinance rates on 1 year jumbo mortgage loans are also averaging 4.05%.

3 year adjustable jumbo rates are averaging higher at 3.82%, down from last week’s average 3 year jumbo adjustable rate of 3.89%. Today’s refinance interest rates on 3 year jumbo loans are also lower, averaging 3.82%.

5 year adjustable jumbo rates today are averaging 3.40%, an increase from last week’s average jumbo adjustable rate of 3.30%. Today’s refinancing mortgage interest rates are also averaging 3.40%.

Current 7 year jumbo adjustable loan rates are averaging 3.37%, down from last week’s average 7 year adjustable home loan rate of 3.91%. 7 year jumbo refinance loan rates are also lower at 3.37%.

10 year jumbo loan rates are averaging 3.90%, down from the prior week’s average 10 year jumbo home loan rate of 4.36%. 10 year jumbo refinance interest rates are also lower, averaging 3.90%.

Today's Conforming Interest Only Adjustable Mortgage Rates and Adjustable Interest Only Refinancing Rates

3 year interest only adjustable mortgage loan rates are averaging 3.19%, down from last week’s average interest only mortgage loan rate of 3.22%. 3 year interest only adjustable refinance mortgage rates are also averaging 3.19%.

5 year IO adjustable loan rates are averaging 3.15%, no change last week’s average five year interest only mortgage loan rate. Current 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.15%.

7 year interest only adjustable mortgage loan rates are averaging 3.61% percent, up from last week’s average 7 year interest-only mortgage interest rate of 3.45%. 7 year adjustable refi loan rates are averaging 3.61%.

Interest Only Jumbo Mortgage Refinancing Rates and Interest Only Jumbo Mortgage Rates Current


3 year jumbo interest only adjustable loan rates are averaging 4.31%, down from last week’s average jumbo adjustable interest only rate of 4.38%. 3 year interest only adjustable jumbo refi rates are also averaging 4.31%.

5 year adjustable jumbo interest only rates are averaging 3.87%, up from last week’s average IO home mortgage interest rate of 3.74%. 5 year jumbo adjustable IO loan rates are also averaging at 3.87%.

7 year jumbo interest only adjustable rates are averaging 4.41%, up from last week’s average jumbo 7 year home loan rate of 4.09%. Current 7 year jumbo adjustable interest-only rates are also averaging 4.41%.

Home Equity Loan Rates


10 year home equity loan rates are averaging 6.77%, unchanged from last week’s average home equity loan rate.

15 year home equity rates are averaging 6.87%, unchanged from the prior week’s average home equity loan rate.

HELOC Rates


Home equity line of credit rates are averaging 4.95%, unchanged from last week’s average rate HELOC rate.

Monitor Bank Rates has mortgage rate widgets for your website. You can display national average mortgage rates and state average mortgage rates by using our free mortgage rate widgets at Mortgage Rate Widget.

 
 
Author: Robert Till
June 21st, 2011