Current Refinance Mortgage Rates Hit New Low In 2010: 30 Year Mortgage Refinance Rates at 4.81%

Mortgage refinance rates have hit a new low this year thanks to U.S. Treasury yields declining over concerns regarding the European Union. The euro is declining in value against the dollar as investors flee the euro, buy dollars and U.S. Treasuries. When Treasury prices move higher, yields move lower. Lower Treasury yields drive current mortgage refinance rates lower.

10 year Treasury yields closed the week down at 3.20 percent and 30 year refinance mortgage rates declined to 4.81 percent. Refinance rates are expected to decline further this coming week if concerns about the world economic recovery persist.




Searching for current mortgage refinance rates? Search our mortgage rate tables at MortgageRates.MonitorBankRates.com to find today’s mortgage rates and mortgage refinance rates.

15 year refinance mortgage rates declined to 4.28 percent today, down from an average 15 year refinance mortgage rate of 4.33 percent.

Current Jumbo Refinance Mortgage Rates


Current 30 year jumbo refinance mortgage rates are averaging  5.38 percent today, down from an average 30 year jumbo refinance rate of 5.54 percent on Monday.

Current 15 year jumbo mortgage refinance rates are averaging 4.80 percent, a decline from Monday’s average jumbo refinance loan rate of 4.88 percent.

Current Adjustable Refinance Mortgage Rates


Today's 1 year conforming adjustable refinance mortgage rates are averaging 3.82 percent, down from an average 1 year adjustable refinance rate of 3.85 percent.

Currently, 3 year conforming adjustable mortgage refinance rates are averaging 4.35 percent, unchanged from Monday’s average refinance mortgage rate.

Current 5 year conventional refinance adjustable mortgage rates are averaging 3.90 percent, down from Monday's average loan refinance rate of 3.95 percent.

Current 7 year conforming adjustable refinance mortgage loan rates are averaging 4.13, down from an average 7 year refinance interest rate of 4.14 percent.

Today's 10 year adjustable refinance mortgage rates are averaging 4.49 percent, down from an average mortgage refinance home loan rate of 4.51 percent.

Today's Jumbo Adjustable Refinance Mortgage Rates


Today's 1 year jumbo adjustable mortgage refinance rates are averaging in at 5.95 percent, unchanged from Monday’s average 1 year jumbo adjustable refinance mortgage rate.

Currently, 3 year jumbo adjustable refinance rate loans are averaging 5.05 percent, down from an average jumbo home loan refinance rate of 5.11 percent.

Current 5 year jumbo refinance ARMs are averaging 4.40 percent, a decline from Monday's average refi mortgage rate of 4.50 percent.

The current average 7 year jumbo refinance adjustable rate is at 5.14 percent, down from an average refinance loan mortgage rate of 5.32 percent.

Current 10 year jumbo mortgage refinance rates are averaging 5.56 percent, a decline from Monday’s average 10 year jumbo mortgage refinance interest rate of 5.80 percent.
 
 
Author: Brian McKay
May 22nd, 2010
Posted in: Mortgage Rates