Mortgage Rates Increase Eight Basis Points to 4.20% on 30 Year Loans



Mortgage Rates Increase Eight Basis Points to 4.20% on 30 Year Loans30 year mortgage rates increased eight basis points following bond yields and equity prices higher. Mortgage rates today on 30 year fixed conventional loans are averaging 4.20%, an increase from yesterday’s average 30 year mortgage rate of 4.12%. Mortgage rates on 15 year fixed conventional loans are also higher averaging 3.47%, an increase from yesterday's average 15 year mortgage rate of 3.43%.




Compare mortgage rates from several lenders by using our mortgage rate tables here: Today's Mortgage Rates . Unlike most websites, no personal information is needed to view a list of mortgage rates.

Jumbo mortgage rates on both 30 year and 15 year loans are also higher today. Current 30 year jumbo mortgage rates are averaging 4.56%, an increase from yesterday’s average 30 year jumbo mortgage rate of 4.53%. 15 year jumbo mortgages rates today are averaging 3.79%, up slightly from yesterday’s average 15 year jumbo mortgage rate of 3.78%.

Mortgage Rates


Mortgage Rates Current – Conforming Adjustable


1 year adjustable mortgage rates today are averaging 3.77%, up from last week’s average 1 year adjustable jumbo mortgage rate of 3.75%.

3 year adjustable mortgage rates today are averaging 2.74%, down from last week’s average 3 year adjustable mortgage rate of 2.75%.

5 year adjustable mortgage rates are averaging 2.82%, a decrease from the prior week’s average 5 year adjustable rate of 3.06%.

Current 7 year adjustable mortgage rates are averaging 3.12%, up from the previous week’s average 7 year adjustable mortgage rate of 3.11%.

10 year adjustable mortgage rates currently are averaging 3.60%, up from last week’s average 10 year adjustable rate of 3.58%.

Adjustable Jumbo – Mortgage Rates Today


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 3.49%, down from last week’s average 3 year jumbo adjustable rate of 3.56%.

5 year adjustable jumbo mortgage rates currently are averaging 3.02%, no change from last week’s average jumbo adjustable rate.

7 year jumbo adjustable mortgage rates today are averaging 3.57%, down from last week’s average 7 year adjustable home loan rate of 3.66%.

10 year jumbo loan rates and refi rates are averaging 3.96%, down from the prior week’s average 10 year jumbo home mortgage loan rate of 3.97%.

Interest Only Conventional Adjustable – Today's Mortgage Rates


3 year interest only adjustable mortgage loan rates and refinancing rates are averaging 3.15%, up from last week’s average interest only mortgage loan rate of 3.11%.

5 year IO adjustable loan mortgage rates are averaging 3.18%, down from last week’s average five year interest only mortgage rate of 3.24%.

7 year interest only adjustable mortgage rates are averaging 3.54%, up from last week’s average 7 year interest-only mortgage interest rate of 3.45%.

Interest Only Jumbo - Current Mortgage Rates


Today’s 3 year jumbo interest only adjustable loan rates are averaging 3.67%, down from last week’s average jumbo adjustable interest only rate of 3.78%

Current 5 year adjustable jumbo interest only rates are averaging 3.44%, a decrease from last week’s average IO home mortgage interest rate of 3.53%.

Today’s 7 year jumbo interest only adjustable rates are averaging 3.79%, down from last week’s average jumbo 7 year home mortgage loan rate of 3.88%.

Home Equity Loan Rates


10 year home equity loan rates are averaging 6.45%, down from last week’s average home equity loan rate of 6.51%

15 year home equity rates are averaging 6.41%, down from last week’s average home equity loan rate of 6.48%.

Home Equity Line of Credit - Current Rates


Home equity line of credit rates currently are averaging 4.81%, unchanged last week’s average rate HELOC rate.

 
 
Author: Robert Till
October 27th, 2011
Posted in: Mortgage Rates