Mortgage rates continue to hover near record lows as an economic report showing May retail sales dropped for the first time in 11 months. The good news is the drop was less than expected. The Commerce Department said total retail sales slipped 0.2% which was less than the 0.4% drop economists expected.

Conventional 30 year mortgage rates are averaging 4.41%, unchanged from yesterday's average 30 year mortgage rate. Current 15 year conventional mortgage rates are averaging 3.67, up from yesterday's average 15 year mortgage rate of 3.64%.

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Today's 30 year jumbo mortgage rates are back under 5.00% averaging 4.94%, down from yesterday's average 15 year jumbo mortgage rate of 5.02%. 15 year jumbo mortgage rates are averaging 4.38%, unchanged from yesterday's average 15 year jumbo mortgage rate. 

Following is a more in-depth home mortgage rates survey released by MonitorBankRates.com earlier this week:

Today's Mortgage Rates

Today's Conventional Adjustable Mortgage Rates and Conforming Adjustable Refinance Rates

The current refinancing rate and mortgage rate on 1 year adjustable rates are averaging 2.95% up from last week’s average 1 year adjustable home mortgage refi rate and loan rate of 2.94%.

Today's 3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.29%, up from last week’s average 3 year adjustable mortgage rate of 3.08%.

Refinance rates and mortgage rates today on 5 year adjustable mortgages are averaging 3.03%, down from the prior week’s average rate of 3.05%.

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

10 year adjustable mortgage loan rates are averaging 3.83% this week, down from last week’s average 10 year adjustable rate of 3.84%. Current mortgage refinance rates on 10 year home loans are also averaging 3.83%.

Adjustable Jumbo Refinance Rates and Jumbo Mortgage Rates Today

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 loans are also averaging 4.05%.

3 year adjustable jumbo rates are averaging higher at 3.89%, up from last week’s average 3 year jumbo adjustable rate of 3.77%. Today’s refinance interest rates on 3 year jumbo loans are also lower, averaging 3.89%.

5 year adjustable jumbo rates today are averaging 3.30%, a decrease from last week’s average jumbo adjustable rate of 3.33%. Today’s refinancing mortgage interest rates are also averaging 3.33%.

Current 7 year jumbo adjustable loan rates are averaging 3.91%, down from last week’s average 7 year adjustable home loan rate of 3.94%. 7 year jumbo refinance loan rates are also lower at 3.91%.

10 year jumbo loan rates are averaging 4.36%, down from the prior week’s average 10 year jumbo home loan rate of 4.38%. 10 year jumbo refinance interest rates are also lower, averaging 4.36%.

Current Conventional Interest Only Adjustable Mortgage Rates and Adjustable Interest Only Refinance Rates

3 year interest only adjustable mortgage loan rates are averaging 3.22%, up from last week’s average interest only mortgage loan rate of 3.17%. 3 year interest only adjustable refinance mortgage rates are also averaging 3.22%.

5 year IO adjustable loan rates are averaging 3.15%, up from last week’s average five year interest only mortgage loan rate of 3.08%. 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 3.45% percent, up from last week’s average 7 year interest-only mortgage interest rate of 3.42%. 7 year adjustable refi loan rates are averaging 3.45%.

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

3 year jumbo interest only adjustable loan rates are averaging 4.38%, up from last week’s average jumbo adjustable interest only rate of 4.12%. 3 year interest only adjustable jumbo refi rates are also averaging 4.38%.

5 year adjustable jumbo interest only rates are averaging 3.74%, down from last week’s average IO home mortgage interest rate of 3.76%. 5 year jumbo adjustable IO loan rates are also averaging at 3.74%.

7 year jumbo interest only adjustable rates are averaging 4.09%, down from last week’s average jumbo 7 year home loan rate of 4.14%. Current 7 year jumbo adjustable interest-only rates are also averaging 4.09%.

Today's 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 Today

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

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