Average Mortgage Refinance Rates Higher

Average mortgage refinance rates are up again this week over last week, the second consecutive week of increased rates. The average 30 year refinance mortgage rate is at 5.19 percent, up from last week's average refinance rate of 5.16 percent. This is also the second consecutive week 30 year home mortgage refinance rates are above 5.00 percent.

The average 15 year mortgage loan refinance rate is also higher this week. Current 15 year mortgage refinance loan rates are averaging 4.56 percent, up from the previous week's average mortgage refinance rate of 4.47 percent. This is the second consecutive week 15 year refi rates are above 4.50 percent.

30 year jumbo refinance rates are lower this week over last. Current jumbo refinance rates at averaging 5.65 percent, down 10 basis points from last week's average jumbo mortgage refinance rate of 5.75 percent. Current 15 year jumbo home loan mortgage refinance rates are averaging 5.12 percent, down from last week's average jumbo refi rate of 5.16 percent.

Mortgage Refinance Rates

Adjustable Mortgage Refinance Rates – Conforming Loans

1 year adjustable refinance loan rates are averaging 4.67% this week, up from last week's average 1 year refinance loan rate of 4.63%.

3 year adjustable refi rates are averaging 4.66% this week, unchanged from last week’s average home refinance rate.

5 year adjustable refinance interest rates are averaging 3.91% this week, down from last week’s average mortgage refinance interest rate of 3.98%.

The average 7 year conforming mortgage refinance rate is at 4.48%, a decrease from last week’s average mortgage refinance rate of 4.61%.

The average 10 year refinance mortgage rates is at 4.84% this week, down from last week’s refinance rate of 4.89%.

Jumbo Refinance Mortgage Rates

The average 1 year jumbo adjustable refinance rate is at 5.59%, unchanged from last week’s average rate.

3 year jumbo adjustable refi rates are averaging 5.23%, up from last week’s average adjustable refinance loan interest rate of 5.15%.

The average 5 year jumbo refinance interest rate is at 4.58% this week, down  from last week’s average bank refinance rate of 4.65%.

7 year jumbo refinance home loan rates are averaging 5.51% this week, an increase from last week’s average refinance home loan rate of 5.50%.

10 year home refi rates are averaging 5.94% this week, up from the prior week’s average 10 year home refinance rate of 5.91%.
Author: Robert Till
April 9th, 2010
Posted in: Mortgage Rates