Mortgage Rates: Current Mortgage Rates Higher

Mortgage rates increased in our latest Mortgage Rate Survey released earlier this week. The one exception was 30 year jumbo mortgage rates which decreased slightly. Conforming 30 year mortgage rates increased to 4.92 percent this week, up from the prior week's average mortgage rate of 4.88 percent. 

The average conforming 15 year mortgage interest rates increased to 4.30 percent this week, up from the prior week’s average mortgage interest rate of 4.28 percent. This week is the 10th consecutive week 15 year mortgage interest rates have been under 4.50 percent.




Looking for Today's Mortgage Rates and Today's Refinance Rates? Search our mortgage rate tables here: MortgageRates.MonitorBankRates.com

Jumbo Rate Mortgages


30 year jumbo mortgage rates are averaging 5.56 percent this week,a slight decrease from the prior week’s average jumbo home loan rate of 5.57 percent. Jumbo refinance rates were also down to 5.56 percent this week.

The average 15 year jumbo mortgage rate is back above 5.00 percent at 5.04 percent this week, up from the previous week’s average jumbo loan mortgage interest rate of 4.98 percent. 15 year jumbo refinance rates are back above 5.00 percent at 5.04 percent this week.

Adjustable Conforming Mortgage Rates


The average conforming 1 year adjustable mortgage interest rate is at 4.48 percent this week, up from the last week’s average 1 year loan rate of 4.37 percent.

The average 3 year conforming adjustable mortgage interest rate is at 4.58 percent this week, an increase from last week when 3 year home mortgage rates averaged 4.49 percent. 3 year refi rates are currently averaging 4.58 percent this week.

5 year conforming adjustable mortgages are averaging 3.92 percent this week, down from last week’s average home loan rate of 3.94 percent. The current average 5 year mortgage refinance is also up this week to 3.92 percent.

The average 7 year conforming ARM is at 4.41 percent this week, down from last week’s average mortgage loan interest rate of 4.47 percent. 7 year mortgage refinance rates are also averaging at 4.41 percent this week.

10 year adjustable bank mortgage rates are averaging 4.80 percent this week, an increase from last week’s average mortgage interest rate of 4.75 percent. 10 year home loan refinance rates are also averaging 4.80 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 5.24 percent this week, up from the prior week’s average home loan rate of 5.14 percent. 3 year home refinance rates are down to 5.24 percent this week.

The average 5 year jumbo ARM is at 4.57 percent this week, a decrease from last week’s average mortgage rate of 4.63 percent. Current 5 year refinance loan rates are also averaging 4.57 percent.

7 year jumbo ARMs are averaging 5.40 percent this week, an increase from last week’s average loan mortgage rate of 5.38 percent. 7 year loan refinance rates are also averaging 5.40 percent, up from the prior week’s average refinance rate of 5.38 percent.

10 year jumbo mortgage interest rates are averaging 5.77 percent this week, a decrease from last week’s average 10 year rate of 5.84 percent. 10 year jumbo refinance loan rates are also lower this week, the average rate is 5.77 percent.

Conforming Interest Only Mortgage Rates


The average 3 year interest only mortgage rate is at 4.84% this week, up from the prior week’s average mortgage interest rate of 4.74%.

The average 5 year interest only home loan is at 4.11% this week, down from last week’s average five year home interest only mortgage rate of 4.13%.

7 year IO home loans are averaging 4.58% this week, a decrease from last week’s average interest rate of 4.65%.  The average 7 year IO refinance home loan rate is also at 4.58% this week.

Jumbo Interest Only Mortgage Rates


3 year jumbo IO loans are averaging 5.83 percent this week, up 15 basis points from last week’s jumbo interest mortgage rate of 5.67 percent. 3 year jumbo refinance interest rates are averaging 5.83 percent this week.

The average 5 year jumbo IO loan rate is at 5.18 percent, down from the prior week’s average IO mortgage rate of 5.28 percent. 5 year jumbo IO refinance interest rates are averaging 5.18 percent this week.

7 year jumbo IO loans are averaging 5.79 percent, up from the prior week’s average jumbo 7 year rate of 5.76 percent.

Home Equity Rates


The average home equity loan rate was up this week over last. 10 year home equity loan rates are at 7.457 percent this week, down from last week’s average equity home loan rate of 7.481. 15 year home equity rates averaged 7.780 percent, down from last week’s average home equity rate of 7.805.

Home Equity Line of Credit Rates


Average home equity line of credit rates are at 4.777 percent this week, unchanged from last week’s average HELOC rate.

Refinance rates and mortgage rates can be found in your state by searching our interest rate tables: MonitorBankRates.com/Mortgages.
 
 
Author: Brian McKay
March 24th, 2010
Posted in: Mortgage Rates