Mortgage Rates Remain Flat: 30 Year Mortgage Rates at 5.01%
Mortgage rates remained flat in the latest mortgage survey released earlier this week. 30 year mortgage rates did go back above 5.00 percent, up from the prior week's average mortgage rate of 4.98 percent according to the Primary Mortgage Market Survey released by Freddie Mac. Mortgage discount points remained at 0.7 points.
Conforming 15 year mortgage rates increased to 4.40 percent with an average 0.7 mortgage points, up from the previous week’s average mortgage interest rate of 4.39 percent.
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Adjustable mortgages were mixed the the latest survey. 5 year adjustable mortgage rates increased to 4.27 percent, up from the prior week's average home loan rate of 4.25 percent. Mortgage points averaged 0.6 points, unchanged from the prior week.
The average 1 year adjustable rate mortgage decreased to 4.22 percent with an average discount point of 0.5 points this week, down from the previous week’s average mortgage rate of 4.29 percent.
Here is a more extensive report on today’s mortgage interest rates, MonitorBankRates.com released its Weekly Mortgage Report on Monday, which follows:
The average conforming 30 year mortgage rate is at 5.05 percent this week, up slightly from the prior week’s average home loan interest rate of 5.04 percent.
Conforming 15 year mortgage rates are at 4.40 percent this week, unchanged fom last week’s average home loan interest rate.
Jumbo Mortgage Rates
30-year jumbo mortgage rates are averaging 5.74% this week, down from the prior week’s average home loan rate of 5.86%.
15 year jumbo mortgage loans are averaging 5.21% this week, down from the prior week’s average mortgage loan rate of 5.24%.
Adjustable Mortgage Rates
Conforming 1 year adjustable mortgage home loan rates are averaging 4.23% this week, down from the prior week when one year home loans were averaging 4.32%.
Conforming 3 year adjustable mortgage rates are averaging 4.42%, down from last week’s average home loan rate of 4.52%.
Conforming 5 year adjustable mortgage loan rates are averaging 4.14% this week, down from the previous week’s average mortgage rate of 4.20%.
Conforming 7 year adjustable home loan rates are averaging 4.59%, down from last week’s average home loan rate of 4.61%.
Conforming 10-year mortgage rates are at 4.99%, a decrease from the previous week’s average mortgage rate of 5.11%.
Jumbo Adjustable Mortgage Rates
Jumbo 1 year jumbo adjustable mortgage rates are averaging 5.30% this week, down slightly from the prior week’s average home mortgage loan rate.5.31%.
Jumbo 3-year jumbo ARMs are averaging 5.25% this week, down from last week’s average adjustable interest home loan rate of 5.32%.
The average 5 year jumbo ARM is at 4.91% this week, down from the prior week’s average home interest mortgage rate 0f 4.99%.
7 year jumbo ARMs are averaging 5.44% this week, up from last week’s average loan mortgage rate of 5.37%.
The average 10 year jumbo is at 5.92%, down from the prior week’s average 10 year mortgage loan rate of 5.88%.
Conforming Interest Only Mortgage Rates
3 year interest only mortgage rates are averaging 4.59% this week, down from last week’s average interest rate of 4.65%.
5 year interest only loans are averaging 4.31% this week, unchanged from last week’s average five year interest only mortgage rate.
7 year IO home loan rates are averaging 4.75% this week, down from last week’s average interest rate of 4.81%.
Jumbo Interest Only Mortgage Rates
3 year jumbo interest only mortgages are averaging 5.58% this week, up from last week’s jumbo interest mortgage rate of 5.52%.
5 year jumbo IO loan rates are averaging 4.91%, down from the prior week’s average IO mortgage rate of 5.39%.
The average jumbo 7 year IO loan mortgage rate is at 5.85%, up from last week’s average jumbo rate of 5.76%.
Home Equity Loans Rates
The average home equity loan rate was up considerably this week over last. 10 year home equity loan rates decreased to 7.416% this week, down from last week’s average equity home loan rate of 7.418%. 15 year home equity rates were unchanged this week at 7.517%.
Home Equity Line of Credit (HELOC) Rates
Average home equity line of credit rates were down slightly this week over last. The average HELOC rate is at 4.905% this week, down slightly from last week’s average HELOC rate of 4.906%.
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