Mortgage Rates: Average Mortgage Rates Today 10-2: 15 Year Rates at 3.34%

After declining most of last week average mortgage rates today (10-2-11) have stabilized. Current mortgage rates will move lower this coming week as Treasury yields decline. 30 year mortgages are averaging 4.05%, unchanged from yesterday's average 30 year mortgage rate. Mortgage rates on 30 year loans hit a record low of 4.00% last week and we might see rates break that level this coming week. Current mortgage rates on 15 year mortgages are averaging 3.34%, no change from the average rate on 10-1-2011.

Compare mortgage rates from several lenders in your state to get the best mortgage rate today. Best Mortgage Rates. No personal information is required to view a list of rates.




Today's jumbo mortgage rates on 30 year loans are averaging 4.46%, no change from yesterday's average 30 year jumbo mortgage rate. 15 year jumbo mortgage rates are averaging 3.82%, unchanged from Saturday's average jumbo mortgage rate.

Following is a more in-depth mortgage rate report released by MonitorBankRates.com this Monday:

Mortgage Rates


Conforming Adjustable Mortgage Rates Today


1 year adjustable mortgage rates today are averaging 3.62%, unchanged from last week’s average 1 year adjustable jumbo mortgage rate.


3 year adjustable mortgage rates today are averaging 2.93%, up from last week’s average 3 year adjustable mortgage rate of 2.88%.


5 year adjustable mortgage rates are averaging 2.96%, down from the prior week’s average 5 year adjustable rate of 3.29%.


Current 7 year adjustable mortgage rates are averaging 3.24%, up from the previous week’s average 7 year adjustable mortgage rate of 3.10%.


10 year adjustable mortgage rates currently are averaging 3.66%, up from last week’s average 10 year adjustable rate of 3.52%.



Current Adjustable Jumbo Mortgage Rates


Current 1 year jumbo adjustable mortgage rates are averaging 4.05%, unchanged from last week’s average adjustable jumbo mortgage rate.


3 year adjustable jumbo rates today are averaging lower at 3.35%, down from last week’s average 3 year jumbo adjustable rate of 3.56%.


5 year adjustable jumbo mortgage rates currently are averaging 3.12%, unchanged from last week’s average jumbo adjustable rate.


7 year jumbo adjustable mortgage loan rates are averaging 3.52%, up from last week’s average 7 year adjustable home loan rate of 3.45%.


10 year jumbo loan rates are averaging 3.93%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 3.95%.



Conforming IO Adjustable Mortgage Rates Currently


3 year interest only adjustable mortgage loan rates are averaging 3.13%, down from last week’s average interest only mortgage loan rate of 3.17%.


5 year IO adjustable loan mortgage rates are averaging 3.14%, up from last week’s average five year interest only mortgage rate of 2.95%.


7 year interest only adjustable mortgage interest rates are averaging 3.35%, up from last week’s average 7 year interest-only mortgage interest rate of 3.17%.



Current Interest Only Jumbo Mortgage Rates


Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.44%, down from last week’s average jumbo adjustable interest only rate of 3.59%.


Current 5 year adjustable jumbo interest only rates are averaging 3.39%, up from last week’s average IO home mortgage interest rate of 3.32%.


Today’s 7 year jumbo interest only adjustable rates are averaging 3.72%, up from last week’s average jumbo 7 year home mortgage loan rate of 3.69%.



Home Equity Loan Rates Today


10 year home equity loan rates are averaging 6.68%, down from last week’s average home equity loan rate of 6.73%.


15 year home equity rates are averaging 6.72%, up from last week’s average home equity loan rate of 6.62%.



HELOC Rates Current


Home equity line of credit rates currently are averaging 5.03%, unchanged from last week’s average rate HELOC rate.


 
 
Author: Lisa Graham
October 2nd, 2011
Posted in: Mortgage Rates