Mortgage Rates: Refinance Mortgage Rates Jump Higher, 30 Year Refinance Mortgage Rates at 4.95%

Mortgage Rates: Refinance mortgage rates have abruptly reversed course and jumped higher this week, heading back towards 5.00 percent. After two weeks of mortgage refinance rates declining due to the financial crisis in Europe and declining Treasury yields, rates are heading higher. The current average 30 year mortgage refinance rate is averaging 4.95 percent. 10 year Treasury yields were as low as 3.11 percent this past Tuesday but have since headed higher closing yesterday at 3.33 percent.

Looking for current mortgage refinance rates? Search our mortgage rate tables at to find the best refinance mortgage rates.

15 year refinance mortgage rates are down slightly this week over last, the current 15 year mortgage refinance rate is averaging 4.27 percent, down from an average refinance rate of 4.28 percent last week.

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Jumbo Mortgage Refinance Rates, Current

Current 30 year jumbo refinance mortgage rates are averaging  5.45 percent, an increase from last week's average 30 year jumbo mortgage refinance rate of 5.38 percent.

Today's 15 year jumbo mortgage refinance rates are back above 5.00 percent at 5.01 percent this week, up from an average refinance rate of 4.80 percent last week.

Today's Adjustable Refinance Mortgage Rates

Current 1 year conforming adjustable mortgage refinance rates are averaging 3.78 percent, down from the prior week's average 1 year adjustable refinance rate of 3.82 percent.

Today's 3 year conforming adjustable mortgage refinance rates are averaging 4.52 percent, an increase from last week's average 3 year adjustable refinance rate of 4.35 percent.

Currently, 5 year conventional refinance adjustable mortgage rates are averaging 4.07 percent, an increase from last week's average home loan refinance rate of 3.90 percent. Liberty Bay Credit Union is currently offering 5/1 ARMs at 4.25 percent with no points.

7 year conforming adjustable mortgage refinance loan interest rates are averaging 4.33, unchanged from the previous week's average 7 year adjustable refinance mortgage rate.  

Current 10 year adjustable refinance mortgage interest rates are averaging 4.55 percent, up from an average mortgage refinance home loan rate of 4.49 percent.

Current Jumbo Adjustable Refinance Mortgage Rates

Current 1 year jumbo adjustable mortgage refinance rates are averaging 5.95 percent, unchanged from last week's average 1 year jumbo adjustable refinance rate.

Current 3 year jumbo adjustable refinance rate loans are averaging 4.87 percent, down from an average jumbo home loan refinance rate of 5.05 percent.

Today's 5 year jumbo refinance adjustable loans are averaging 4.46 percent, up from last week's average 5 year refinance mortgage rate of 4.40 percent.

The average 7 year jumbo refinance adjustable rate is at 5.31 percent, up from last week's average refinance loan mortgage rate of 5.14 percent.

Today's 10 year jumbo mortgage refinance rates are averaging 5.63 percent, an increase from last week's average 10 year jumbo mortgage refinance interest rate of 5.56 percent.

Author: Brian McKay
May 28th, 2010