Current Mortgage Rates: 30 Year Mortgage Rates up to 5.08%

Mortgage rates are higher in the latest mortgage survey released this morning. The average rate for a 30 year fixed rate mortgage is back above 5.00 percent at 5.08 for the week ending April 1, 2010, up from the prior week's average mortgage rate of 4.99 percent, according to Freddie Mac's Primary Mortgage Market Survey. Mortgage rates followed the uptrend of long term bond yields last week. Mortgage points averaged 0.7 points.

Looking for mortgage rates and refinance rates? Use our Mortgage Rate Tables here: MortgageRates.MonitorBankRates.com

Loan Type
Purchase    Refinance
Location
State/City    Zip Code
Loan Amt Points FICO % Down
  
$
30 yr fixed refi in 23223, All points, Credit score: 740+     Sort by:
Lender
APR
Rate
Cost & Fees
Notes
 
30 yr fixed Mortgage Loan from JG Wentworth Home Lending
JG Wentworth Home Lending
https://www.brimg.net/system/img/inst/10054_logo.gif
300000
Refinance
4.258
4.250
USD
JG Wentworth Home Lending Logo
NMLS # 2925
State Lic # MC-1875
at 0.000 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $299
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of Oak Ridge
Bank of Oak Ridge
300000
Refinance
4.295
4.250
USD
Bank of Oak Ridge
4.295%
4/18/2019
4.250%
at 0.250 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $853
 
 
30 yr fixed mtg refi Mortgage Loan from Northwest Federal Credit Union
Northwest Federal Credit Union
300000
Refinance
4.316
4.250
USD
Northwest Federal Credit Union
4.316%
4/17/2019
4.250%
at 0.750 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $79
 
 
30 yr fixed mtg refi Mortgage Loan from Bank of America
Bank of America
300000
Refinance
4.343
4.250
USD
Bank of America
4.343%
4/17/2019
4.250%
at 0.671 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $1,289
 
 
30 yr fixed mtg refi Mortgage Loan from Apple Federal Credit Union
Apple Federal Credit Union
300000
Refinance
4.345
4.250
USD
Apple Federal Credit Union
4.345%
4/17/2019
4.250%
at 1.000 pts
60 day lock rate
Est payment: $1,475.82
Fees in APR: $352
 
 
30 yr fixed mtg refi Mortgage Loan from TD Bank, NA
TD Bank, NA
300000
Refinance
4.278
4.250
USD
TD Bank, NA
4.278%
4/19/2019
4.250%
at 0.000 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $982
 
 
30 yr fixed mtg refi Mortgage Loan from State Department Federal Credit Union
State Department Federal Credit Union
300000
Refinance
4.432
4.375
USD
State Department Federal Credit Union
4.432%
4/22/2019
4.375%
at 0.000 pts
60 day lock rate
Est payment: $1,497.86
Fees in APR: $2,000
 
 
30 yr fixed mtg refi Mortgage Loan from LincolnWay Community Bank
LincolnWay Community Bank
300000
Refinance
4.155
4.125
USD
LincolnWay Community Bank
4.155%
4/23/2019
4.125%
at 0.000 pts
30 day lock rate
Est payment: $1,453.95
Fees in APR: $1,085
 
 
30 yr fixed mtg refi Mortgage Loan from Virginia Credit Union
Virginia Credit Union
300000
Refinance
4.328
4.250
USD
Virginia Credit Union
4.328%
4/23/2019
4.250%
at 0.375 pts
45 day lock rate
Est payment: $1,475.82
Fees in APR: $1,650
 
 
30 yr fixed mtg refi Mortgage Loan from Fulton Bank, NA
Fulton Bank, NA
300000
Refinance
4.539
4.500
USD
Fulton Bank, NA
4.539%
4/23/2019
4.500%
at 0.125 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $1,007
 
 
30 yr fixed mtg refi Mortgage Loan from Santander Bank, N.A.
Santander Bank, N.A.
300000
Refinance
4.557
4.500
USD
Santander Bank, N.A.
4.557%
4/23/2019
4.500%
at 0.000 pts
60 day lock rate
Est payment: $1,520.06
Fees in APR: $2,004
 
 

Mortage Data Provided by Bankrate.com Many lenders have different rates on their own Websites than those posted on Bankrate.com. In order to get the Bankrate.com rate, please identify yourself as a Bankrate.com customer. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.

The rates above were collected by Bankrate.com on the dates specified. Rates are subject to change without notice and may vary from branch to branch. Rate/APR and terms may vary based on the creditworthiness of the individual and the extent to which the loan differs from the one used for Bankrate.com quotes. For criteria used in surveys of rates above, click here. These quotes are from banks, thrifts, and brokers, some of whom have paid for a link to their own Web site, where you can find additional information.






15 year mortgage interest rates were up slightly for the week ending April 1, 2010. The average 15 year mortgage interest rate increased to 4.39 percent, up from the previous week's average interest rate of 4.39 percent.

Adjustable mortgage rates bucked long term mortgage trends and were down for the week ending April 1, 2010. The average 5 year U.S. Treasury-indexed adjustable mortgage rate decreased to 4.10 percent, down from last week's average rate of 4.14 percent. We still might see 5 year ARMs break 4.00 percent.

The average one year adjustable rate mortgage was down 15 basis points to 4.05 percent for the week ending April 1, 2010, a decrease from the previous week's average adjustable rate of 4.20 percent.

For a more in depth mortgage survey read MBR's most recent Mortgage Rate Survey released earlier this week:
Mortgage rates were up again in our most recent Mortgage Rate Survey. Conforming 30 year fixed mortgage rates were slightly higher but managed to stay under 5.00 percent for the fourth consecutive week. Market analysts were concerned mortgage rates would run up in late March since the Fed is winding down their purchase of mortgage-backed securities.

The Fed’s $1.25 trillion dollar program was started a year ago to provide support to the housing market by driving down mortgage rates. The Fed successfully drove 30 year mortgage rates below 5.00 percent. Now that their support is ending, there is concern mortgage rates will go higher.

15 year fixed conforming mortgage rates were also higher this week but stayed under 4.50 percent. 15 year mortgage interest rates have remained under 4.50 percent since the beginning of 2010.

Jumbo Rate Mortgages


The average 30 year jumbo mortgage rate is at 5.59 percent this week, up from the prior week’s average jumbo home loan rate of 5.56 percent. Jumbo refinance rates were also higher this week and jumbo refi rates increased to 5.56 percent.

The average 15 year jumbo mortgage rate is at 5.07 percent this week, an increase from last week’s average jumbo rate of  5.04%. 15 year jumbo refinance rates are also higher this week and are averaging 5.07 percent.

Conforming Adjustable Mortgage Rates


1 year conforming adjustable mortgage interest rates are unchanged this week over last. The average 1 year conforming ARM is at 4.48 percent this week, unchanged from last week’s average 1year home loan rate. The average 1 year mortgage refinance rate is also unchanged this week at 4.48 percent.

3 year conforming adjustable home loan mortgage rates are at 4.66 percent this week, up from last week when 3 year home mortgage rates averaged 4.58 percent. The current average 3 year refinance rate is also at 4.58 percent this week.

5 year conforming adjustable mortgages are averaging 4.04 percent this week, up from last week’s average home loan rate of 3.92 percent. The current average 5 year mortgage refinance rate this week is also up to 4.04 percent.

The average 7 year conforming ARM is at 4.55 percent this week, up from last week’s average mortgage loan interest rate of 4.41 percent. 7 year mortgage refinance rates are also higher at 4.55 percent this week.

10 year adjustable mortgage rates are averaging 4.86 percent this week, an increase from last week’s average mortgage interest rate of 4.80 percent. 10 year home loan refinance rates are also averaging 4.86 percent.

Adjustable Jumbo Mortgage Rates


The average 1 year jumbo ARM is at 5.59 percent this week, unchanged from last week’s average home loan interest rate. The average 3 year jumbo ARM is at 5.35 percent this week, up from the prior week’s average home loan rate of 5.24 percent. 

3 year home refinance rates are up to 5.35 percent this week. The average 5 year jumbo ARM is at 4.69 percent this week, an increase from last week’s average mortgage rate of 4.57 percent.

Current 5 year refinance loan rates are also averaging 4.69 percent. 7 year jumbo ARMs are averaging 5.45 percent this week, up from last week’s average loan mortgage rate of 5.40 percent.

7 year loan refinance rates are averaging 5.45 percent this week. 10 year jumbo mortgage interest rates are averaging 5.97 percent this week, an increase from last week’s average 10 year rate of 5.77 percent. 

10 year jumbo refinance loan rates are also lower this week – the average rate is 5.97 percent.

Interest Only Conforming Mortgage Rates


The average 3 year interest only mortgage rate is at 4.91% this week, up from the prior week’s average mortgage interest rate of 4.84%.

The average 5 year interest only home loan is at 4.23% this week, up from last week’s average five year home interest only mortgage rate of 4.11%.

7 year IO home loans are averaging 4.73% this week, an increase from last week’s average interest rate of 4.58%.

Interest Only Jumbo Mortgage Rates


3 year jumbo IO loans are averaging 5.76 percent this week, down from last week’s jumbo interest mortgage rate of 5.83 percent.

The average 5 year jumbo IO loan rate is at 5.32 percent, up from the prior week’s average IO mortgage rate of 5.18 percent.

The average 7 year jumbo IO loan is at 5.85 percent, up from the prior week’s average jumbo 7 year rate of 5.79 percent.

Home Equity Loan Rates


The average home equity loan rate was up this week over last. 10 year home equity loan rates are at 7.364 percent this week, down from last week’s average equity home loan rate of 7.457. 15 year home equity rates averaged 7.562 percent, down from last week’s average home equity rate of 7.780.

Home Equity Line of Credit Rates (HELOC)


Average home equity line of credit rates are at 4.777 percent this week, unchanged from last week’s average HELOC rate.
 
 
Author: Brian McKay
April 1st, 2010
Posted in: Mortgage Rates