Mortgage Rates Up in the Latest Mortgage Survey

Mortgage rates were up in the latest mortgage survey released this week. Conforming 30 year mortgage rates increased to 5.07 percent this week. This is the first week 30 year mortgage rates are back above 5.00 percent since early February.

15 year conforming mortgage rates are up to 4.43 percent this week, up from last week's average mortgage interest rate of 4.34 percent. This week's increase was the first increase in 15 year mortgage rates after three week's of lower mortgage rates.




Jumbo mortgage rates also were up this week over last. The average 30 year jumbo mortgage rate increased to 5.82 percent this week, up from the prior week's average jumbo rate of 5.64 percent. 15 year jumbo mortgage rates are averaging 5.10% this week, up from last week’s average loan rate of 5.05%.

Looking for mortgage rates and refinance rates? Use our mortgage rate tables to find current rates. Mortgage Rates and Refinance Rates.

Here is a more extensive report on current mortgage rates released by MonitorBankRates.com Monday, which follows:

Adjustable Rate Mortgages



Conforming 1 year adjustable mortgage rates are averaging 4.26% this week, down from last week’s average 1 year home loan rate of 4.67%. You can also find average one year refinance rates at 4.26% this week.

Today’s 3 year adjustable mortgage interest rates are averaging 4.61%, up from last week’s average mortgage interest rate of 4.59%.

Conforming 5 year adjustable interest mortgage rates are averaging 4.05% this week, unchanged from the previous week’s average mortgage interest rate. The average 5 year mortgage refinance is also unchanged this week at 4.05%.

Conforming 7 year adjustable mortgage rates are averaging 4.59%, up from last week’s average loan rate of 4.47%. The average 7 year mortgage refinance rate is also at 4.59%.

Conforming 10 year bank mortgage rates are averaging 4.83%, down from the prior week’s average mortgage rate of 4.90%. Home loan refinance rates are also at 4.83 percent this week.

Jumbo Adjustable Mortgage Rates


1 year jumbo adjustable mortgage rates are averaging 5.59% this week, unchanged from the prior week’s average home mortgage loan rate. The average 1 year home refinance rate is also unchanged at 5.59%.

The average jumbo 3-year jumbo ARM is at 5.37% this week, up from last week’s average adjustable home loan rate of 5.27%. 3 year home refinance rates are also averaging 5.37% this week.

5 year jumbo ARMs are averaging 4.69% this week, unchanged from the prior week’s average home interest mortgage rate. The average 5 year refinance loan rate is unchanged at 4.69%.

7 year jumbo ARMs are averaging 5.75% this week, up from last week’s average loan mortgage rate of 5.61%. 7 year loan refinance rates are also averaging 5.75%, up from the prior week’s average refinance rate.

The average 10 year jumbo mortgage rate is at 5.92%, unchanged from the prior week’s average 10 year mortgage rate. 10 year refinance loan rates are also averaging 5.92% this week.

Conforming Interest Only Mortgage Rates


3 year interest only mortgage rates are averaging 4.84% this week, up from the prior week’s average interest rate of 4.74%. 3 year IO home loan refinance rates are averaging 4.84% this week.

5 year interest only loans are averaging 4.20% this week, down from last week’s average five year interest only mortgage interest rate of 4.32%. The average 5 year home mortgage refinance rate is also at 4.20% this week.

7 year interest only home loans are averaging 4.77% this week, up from last week’s average interest rate of 4.67%.  The average 7 year IO refinance home loan rate is at 4.77% this week.

Jumbo Interest Only Mortgage Rates


3 year jumbo interest only mortgages are averaging 5.73% this week, up from last week’s jumbo interest mortgage rate of 5.57%. The average 3 year jumbo refinance interest rate is at 5.73% this week.

5 year jumbo IO loan rates are averaging 5.34%, up from the prior week’s average IO mortgage rate of 5.28%. 5 year jumbo refinance interest rates are averaging 5.34% this week.

The average jumbo 7 year IO loan mortgage rate is at 6.21%, up from last week’s average jumbo rate of 6.08%.

Home Equity Loans Rates


The average home equity loan rate was up this week over last. 10 year home equity loan rates are at 7.475% this week, up from last week’s average equity home loan rate of 7.357%. 15 year home equity rates are up to 7.735%, down from the prior week’s average home equity rate of 7.479%.

Home Equity Line of Credit (HELOC) Rates


Average home equity line of credit rates are up this week over last. The average HELOC rate is at 4.899% this week, up from last week’s average HELOC rate of 4.669%.

The best refinance rates and mortgage rates can be found in your state or zip code by using our bank mortgage rate tables. Refinance Rates - Mortgage Rates
 
 
Author: Robert Till
February 23rd, 2010
Posted in: Mortgage Rates