Mortgage Rates Increase: 30 Year Rates at 4.47% as Home Prices Increase in April

Mortgage rates are higher today and home prices actually increased in April in the S&P/Case-Shiller Home Price Indices. Today's conforming 30 year mortgage rates are averaging 4.47%, up from yesterday’s average 30 year mortgage rate of 4.42%. Conforming 15 year mortgage rates are averaging 3.73%, an increase from yesterday’s week’s average 15 year mortgage rate of 3.68%.

Home prices in the 20 City Composite Index increased 0.7% in April versus March. This is the first increase in the index in eight months. Let's hope the increases continue.




Compare current mortgage rates by searching our rate tables at MortgageRates.MonitorBankRates.com. You can view a list of today’s mortgage rates from several lenders; no personal information is needed to view a list of rates.

30 year jumbo mortgage rates today are averaging 4.90%, up from yesterday's average 30 year jumbo mortgage rate of 4.83%.

15 year jumbo mortgage rates are averaging 4.29%, up from yesterday’s average 15 year jumbo mortgage of 4.24%.

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

Mortgage Rates


Conforming Adjustable Mortgage Rates


Current 1 year adjustable mortgage rates are averaging 3.02%, up from last week’s average 1 year adjustable jumbo mortgage rate of 2.95%.

Current 3 year adjustable mortgage refinance rates and adjustable mortgage rates are averaging 3.00%, down from last week’s average 3 year adjustable mortgage rate of 3.09%.

Refinance rates and mortgage rates today on 5 year adjustable mortgages are averaging 3.04%, up from the prior week’s average rate of 3.40%.

Refinance mortgage rates and mortgage rates currently on 7 year adjustable home loans are averaging 3.36%, down from the previous week’s average 7 year loan rate of 3.37%.

10 year adjustable mortgage loan rates are averaging 3.84% this week, down from last week’s average 10 year adjustable rate of 3.90%. Current mortgage refinance rates on 10 year home loans are also averaging 3.84%.

Adjustable Jumbo Refinance Rates and Jumbo Mortgage Rates


1 year jumbo adjustable loan rates are averaging 3.125%, down from the prior week’s average 1 year jumbo adjustable loan interest rate of 4.05%. Refinance rates on 1 year jumbo mortgage loans are also averaging 3.125%.

3 year adjustable jumbo rates are averaging higher at 3.53%, down from last week’s average 3 year jumbo adjustable rate of 3.82%. Today’s refinance interest rates on 3 year jumbo loans are also lower, averaging 3.53%.

5 year adjustable jumbo rates today are averaging 3.31%, a decrease from last week’s average jumbo adjustable rate of 3.40%. Today’s refinancing mortgage interest rates are also averaging 3.31%.

Current 7 year jumbo adjustable loan rates are averaging 3.87%, down from last week’s average 7 year adjustable home loan rate of 4.05%. 7 year jumbo refinance loan rates are also lower at 3.87%.

10 year jumbo loan rates are averaging 3.34%, down from the prior week’s average 10 year jumbo home loan rate of 4.36%. 10 year jumbo refinance interest rates are also lower, averaging 3.36%.

Today's Conforming Interest Only Adjustable Mortgage Rates


3 year interest only adjustable mortgage loan rates are averaging 3.00%, down from last week’s average interest only mortgage loan rate of 3.19%. 3 year interest only adjustable refinance mortgage rates are also averaging 3.00%.

5 year IO adjustable loan rates are averaging 3.09%, down last week’s average five year interest only mortgage loan rate of 3.15%. Current 5 year interest only adjustable refinance mortgage loan rates are also averaging 3.09%.

7 year interest only adjustable mortgage loan rates are averaging 3.51% percent, down from last week’s average 7 year interest-only mortgage interest rate of 3.61%. 7 year adjustable refi loan rates are averaging 3.61%.

Interest Only Jumbo Mortgage Rates Current


3 year jumbo interest only adjustable loan rates are averaging 4.45%, up from last week’s average jumbo adjustable interest only rate of 4.31%. 3 year interest only adjustable jumbo refi rates are also averaging 4.45%.

5 year adjustable jumbo interest only rates are averaging 3.67%, down from last week’s average IO home mortgage interest rate of 3.87%. 5 year jumbo adjustable IO loan rates are also averaging at 3.67%.

7 year jumbo interest only adjustable rates are averaging 4.04%, down from last week’s average jumbo 7 year home loan rate of 4.41%. Current 7 year jumbo adjustable interest-only rates are also averaging 4.04%.

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.

Today's HELOC Rates


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

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Author: Jason P. Jones
June 29th, 2011
Posted in: Mortgage Rates