Mortgage Rates 6/7: 30 Year Mortage Rates at 4.46%, 30 Year Jumbo Mortgage Rates at 5.00%

Mortgage rates are stable today as the markets await remarks by Federal Reserve chairman Ben Bernanke that could indicate whether the Fed will continue its current monetary policy or start QE3. Dallas Fed President Richard Fisher said on CNBC this morning that there is enough stimuli from the Fed in the system that isn't being used and the Fed has done enough stimulus.

It will be interesting to see what Bernanke says about providing more liquidity after the Fed stops purchasing bonds (QE2) at the end of June. Either way don't expect mortgage rates to increase by much considering the economy is slowing down.




Current 30 year mortgage rates are averaging 4.46%, up from yesterday's average 30 year mortgage rate of 4.44% as reported by MonitorBankRates.com. Current 15 year mortgage rates are averaging 3.73%, up slightly from yesterday's average 15 year mortgage rate of 3.72%.

Find mortgage rates today in your state by searching our mortgage rate list at MortgageRates.MonitorBankRates.com. You can view current mortgage rates from several lenders and unlike most other websites, no personal information is needed to view a list of rates.

Today's 30 year jumbo mortgage rates are averaging 5.00%, down slightly from yesterday's 30 year jumbo mortgage rate of 5.01%. 15 year jumbo mortgage rates currently are averaging 4.20%, down from yesterday's average 15 year jumbo rate of 4.28%. 

Mortgage Rates


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


The current refinancing rate and mortgage rate on 1 year adjustable rates are averaging 2.94 percent, a decline from last week’s average 1 year adjustable home mortgage refi rate and loan rate of 2.96 percent.

Today's 3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.08 percent, up from last week’s average 3 year adjustable mortgage rate of 3.03 percent.

Refinance rates and mortgage rates today on 5 year adjustable mortgages are averaging 3.05 percent, down from the prior week’s average rate of 3.41 percent.

Refinance mortgage rates and mortgage rates currently on 7 year adjustable home loans are averaging 3.31 percent, down from the previous week’s average 7 year loan rate of 3.47 percent.

10 year adjustable mortgage loan rates are averaging 3.84 percent this week, down from last week’s average 10 year adjustable rate of 3.19 percent. Current mortgage refinance rates on 10 year home loans are also averaging 3.99 percent.

Adjustable Jumbo Refinance Rates and Jumbo Mortgage Rates Currently


1 year jumbo adjustable loan rates are averaging 4.05 percent, 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 percent.

3 year adjustable jumbo rates are averaging higher at 3.77 percent, down from last week’s average 3 year jumbo adjustable rate of 3.85 percent. Today’s refinance interest rates on 3 year jumbo loans are also lower, averaging 3.77 percent.

5 year adjustable jumbo rates today are averaging 3.33 percent, a decrease from last week’s average jumbo adjustable rate of 3.44 percent. Today’s refinancing mortgage interest rates are also averaging 3.33 percent.

Current 7 year jumbo adjustable loan rates are averaging 3.94% percent, down from last week’s average 7 year adjustable home loan rate of 4.01 percent. 7 year jumbo refinance loan rates are also lower at 3.94% percent.

10 year jumbo loan rates are averaging 4.38 percent, down from the prior week’s average 10 year jumbo home loan rate of 4.48 percent. 10 year jumbo refinance interest rates are also lower, averaging 4.38 percent.

Conventional Interest Only Adjustable Mortgage Rates Today and Adjustable Interest Only Refinancing Rates


3 year interest only adjustable mortgage loan rates are averaging 3.17 percent, down from last week’s average interest only mortgage loan rate of 3.26 percent. 3 year interest only adjustable refinance mortgage rates are also averaging 3.17 percent.

5 year IO adjustable loan rates are averaging 3.08 percent, down from last week’s average five year interest only mortgage loan rate of 3.19 percent. Current 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.08 percent.

7 year interest only adjustable mortgage loan rates are averaging 3.42 percent, down from last week’s average 7 year interest-only mortgage interest rate of 3.73percent. 7 year adjustable refi loan rates are averaging 3.42 percent.

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


3 year jumbo interest only adjustable loan rates are averaging 4.12 percent, up from last week’s average jumbo adjustable interest only rate of 3.76%. 3 year interest only adjustable jumbo refi rates are also averaging 4.12% percent.

5 year adjustable jumbo interest only rates are averaging 3.76 percent, down from last week’s average IO home mortgage interest rate of 3.85%. 5 year jumbo adjustable IO loan rates are also averaging at 3.76 percent.

7 year jumbo interest only adjustable rates are averaging 4.14 percent, down from last week’s average jumbo 7 year home loan rate of 4.24%. Current 7 year jumbo adjustable interest-only rates are also averaging 4.14  percent.

Today's Home Equity Loan Rates


10 year home equity loan rates are averaging 6.77 percent, unchanged from last week’s average home equity loan rate.

15 year home equity rates are averaging 6.87 percent, unchanged from the prior week’s average home equity loan rate.

Today's HELOC Rates


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

Mortgage Rate Widgets


MonitorBankRates.com offers free mortgage rate widgets for your website. You can display national average mortgage rates and state average mortgage rates by using our mortgage rate widgets here: Mortgage Rate Widget.
 
 
Author: Brian McKay
June 7th, 2011
Posted in: Mortgage Rates